Technical Analysis for BIS - ProShares UltraShort Nasdaq Biotechnology

Grade Last Price % Change Price Change
grade F 15.04 -0.59% -0.09
BIS closed down 0.59 percent on Thursday, November 21, 2019, on 1.24 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical BIS trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -0.59%
Lower Bollinger Band Walk Weakness -0.59%
New 52 Week Low Weakness -0.59%
Below Lower BB Weakness -0.59%
Lower Bollinger Band Touch Weakness -0.59%

Older signals for BIS ...

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Profile
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.
Exchange Traded Funds Biotechnology Nasdaq Nasdaq Biotechnology Total Return Index Nasdaq Biotechnology Index
Is BIS a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 27.62
52 Week Low 14.97
Average Volume 67,575
200-Day Moving Average 17.9921
50-Day Moving Average 18.0384
20-Day Moving Average 16.3667
10-Day Moving Average 15.817
Average True Range 0.4881
ADX 33.12
+DI 12.8496
-DI 38.2604
Chandelier Exit (Long, 3 ATRs ) 16.6357
Chandelier Exit (Short, 3 ATRs ) 16.4343
Upper Bollinger Band 17.7704
Lower Bollinger Band 14.963
Percent B (%b) 0.03
BandWidth 17.153122
MACD Line -0.7988
MACD Signal Line -0.7307
MACD Histogram -0.0681
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.52
Resistance 3 (R3) 15.56 15.45 15.44
Resistance 2 (R2) 15.45 15.33 15.43 15.41
Resistance 1 (R1) 15.25 15.26 15.19 15.20 15.38
Pivot Point 15.13 15.13 15.11 15.11 15.13
Support 1 (S1) 14.93 15.01 14.87 14.88 14.70
Support 2 (S2) 14.82 14.94 14.79 14.67
Support 3 (S3) 14.61 14.82 14.64
Support 4 (S4) 14.56