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ProShares Bitcoin ETF

BITO Technical Analysis Summary (AMEX)

Analyze BITO on the AMEX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

BITO●AMEX
Financial ServicesAsset Management
$9.81
$0.56(6.05%)
U.S. Market opens in 0h 40m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

BITO Technical Analysis Summary (AMEX)

ProShares Bitcoin ETF (AMEX: BITO) stock currently shows a neutral trend on the AMEX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish to Bearish Risk (RSI: 73.81)
Trend Strength:Weak (ADX: 18.71)
Volatility:Medium (ATR: 0.26)
Support/Resistance:$8.16 – $9.33 (Bollinger Bands)

Technical conditions suggest ProShares Bitcoin ETF on the AMEX is awaiting a decisive move. Technical conditions suggest ProShares Bitcoin ETF is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 73.81

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 84.40

Bearish
Overbought levels may trigger pullback.

Williams %R: -2.80

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 15.26

Strongly Bullish
Strong upside momentum.

Takeaway:ProShares Bitcoin ETF shows overheated momentum, with risk of near-term pullback.

Trend & Volatility

MACD: 0.11

Bullish
Bullish, trend momentum is strengthening.

ADX: 18.71

Weak
Weak trend, market trading sideways.

ATR (14): 0.26

Low
Low volatility, stable price action.

CCI (14): 333.67

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:ProShares Bitcoin ETF shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$9.33
Middle Band (SMA 20)
$8.75
Lower Band
$8.16
Current Position
Above Upper Band

Takeaway:ProShares Bitcoin ETF trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$9.34
Middle Line (EMA 20)
$8.82
Lower Channel
$8.30
Squeeze Status
No Squeeze

Takeaway:ProShares Bitcoin ETF trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-446.18M
Money Flow Index66.79Bullish, inflows support continued momentum.
Relative Vigor Index77.62Bullish, price momentum strongly favors buyers.

Overall Takeaway:BITO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of ProShares Bitcoin ETF (AMEX: BITO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Technical indicators for ProShares Bitcoin ETF are mixed, suggesting a Hold or wait-and-see approach.

(AMEX: BITO) Technical Analysis FAQ