ProShares UltraShort Bitcoin ETF (SBIT)
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 UltraShort Bitcoin ETF is trading at $35.99, down 2.73% on the session. The 50 day average sits at $55.59 and the 200 day at $50.27, which puts the stock in a uptrend. RSI is at 27.4, which reads as oversold, and MACD is bearish crossover. Volume is volume spike.
The nearest support is around $34.02 with resistance near $59.26, so that band frames the current range. Average daily movement is roughly $3.01, or about 8.4% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 30, momentum of 34 and a risk score of 10.
Technical indicators
About ProShares UltraShort 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.