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 $31.27, down 0.16% on the session. The 50 day average sits at $39.35 and the 200 day at $48.82, which puts the stock in a downtrend. RSI is at 41, which reads as weak, and MACD is bullish crossover. Volume is below average.
The nearest support is around $28.05 with resistance near $31.16, so that band frames the current range. Average daily movement is roughly $1.87, or about 6.0% of the share price, which is what any stop placement has to allow for. The overall health score of 21 out of 100 combines a trend score of 0, momentum of 44 and a risk score of 24.
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.