BITI ProShares Shrt Bitcoin ETF Forecast, Technical & Fundamental Analysis

BITI's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for BITI turned positive on January 31, 2025. Looking at past instances where BITI's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 21, 2025. You may want to consider a long position or call options on BITI as a result. In of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

BITI moved above its 50-day moving average on February 21, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BITI crossed bullishly above the 50-day moving average on February 12, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BITI advanced for three days, in of 134 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 55 cases where BITI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BITI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BITI broke above its upper Bollinger Band on February 25, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.