Proshares Ultra Bitcoin ETF (BITU)
NYSEArca
Scores are generated from technical indicators for educational purposes and are not a recommendation to buy or sell.
Price history
Daily closes and volumeAI Analysis Generated from the indicator readings below. Educational only.
Proshares Ultra Bitcoin ETF is trading at $12.51, down 10.39% on the session. The 50 day average sits at $14.10 and the 200 day at $13.31, which puts the stock in a uptrend. RSI is at 42.7, which reads as weak, and MACD is bearish crossover. Volume is below average.
The nearest support is around $12.99 with resistance near $14.08, so that band frames the current range. Average daily movement is roughly $0.75, or about 6.0% of the share price, which is what any stop placement has to allow for. The overall health score of 47 out of 100 combines a trend score of 60, momentum of 23 and a risk score of 58.
Technical indicators
About Proshares Ultra Bitcoin ETF
The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. Under normal circumstances, the fund will invest at least 80% of the fund’s assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund is non-diversified.