BITO ProShares Bitcoin ETF Forecast, Technical & Fundamental Analysis

BITO sees MACD Histogram just turned negative

BITO saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 31, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 30 instances where the indicator turned negative. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

BITO moved below its 50-day moving average on February 04, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BITO crossed bearishly below the 50-day moving average on February 11, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

The Aroon Indicator for BITO entered a downward trend on January 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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 BITO'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 Momentum Indicator moved above the 0 level on February 20, 2025. You may want to consider a long position or call options on BITO as a result. In of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 BITO advanced for three days, in of 177 cases, the price rose further within the following month. The odds of a continued upward trend are .

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