BITI Stock Tickeron detected bearish ETF Pattern: Dead Cat Bounce on January 17, 2025

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BITI - ProShares Shrt Bitcoin ETF

Emerged: 01/17/25

Breakout: $21.21

Price: $22.18

Target price: $19.4

Momentum Indicator for BITI turns negative, indicating new downward trend

BITI saw its Momentum Indicator move below the 0 level on January 14, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 53 similar instances where the indicator turned negative. In of the 53 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

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 .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 37 cases where BITI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BITI just turned positive on January 28, 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BITI advanced for three days, in of 129 cases, the price rose further within the following month. The odds of a continued upward trend are .

BITI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 51 cases where BITI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .