Technical Analysis for BIS - ProShares UltraShort Nasdaq Biotechnology

Grade Last Price % Change Price Change
F 20.98 1.50% 0.31
BIS closed down 3.05 percent on Monday, March 1, 2021, on 1.16 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. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical BIS trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 1.50%
MACD Bullish Centerline Cross Bullish 1.50%
Narrow Range Bar Range Contraction 1.50%
NR7 Range Contraction 1.50%
Stochastic Reached Overbought Strength 1.50%
Weak + Overbought Other 1.50%
Weak, Overbought and Reversal Signs Reversal 1.50%
Overbought Stochastic Strength 1.50%
50 DMA Support Bullish -1.59%
Volume Surge Other -1.59%
Older End-of-Day Signals for BIS ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
50 DMA Support about 1 hour ago
Up 2% about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
Rose Above 50 DMA about 1 hour ago
Up 1% about 1 hour ago
View Earlier Intraday Alerts

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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.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Biotechnology Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Nasdaq Industry Classification Nasdaq Biotech Nasdaq Biotechnology Index Nasdaq Biotechnology Total Return Index

Top 10 Components

Symbol Grade Price % Change Allocation
AMGN F -0.38 8.14
GILD F 0.91 7.41
VRTX F 0.94 7.21
BIIB C -0.50 6.12
ILMN C -0.56 5.67
REGN F -0.25 4.13
ALXN D -0.14 3.02
SGEN F 1.00 2.25
INCY F -0.84 2.09
BMRN F 0.33 1.91
View All BIS Holdings

Is BIS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 79.4
52 Week Low 17.53
Average Volume 94,747
200-Day Moving Average 28.57
50-Day Moving Average 20.78
20-Day Moving Average 19.47
10-Day Moving Average 20.09
Average True Range 0.95
ADX 24.83
+DI 33.15
-DI 16.69
Chandelier Exit (Long, 3 ATRs ) 19.28
Chandelier Exit (Short, 3 ATRs ) 20.38
Upper Bollinger Band 21.53
Lower Bollinger Band 17.42
Percent B (%b) 0.79
BandWidth 21.08
MACD Line 0.02
MACD Signal Line -0.37
MACD Histogram 0.3858
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.27
Resistance 3 (R3) 21.30 21.13 21.17
Resistance 2 (R2) 21.13 20.98 21.12 21.14
Resistance 1 (R1) 20.90 20.88 20.82 20.87 21.10
Pivot Point 20.73 20.73 20.69 20.72 20.73
Support 1 (S1) 20.50 20.58 20.42 20.47 20.24
Support 2 (S2) 20.33 20.48 20.32 20.20
Support 3 (S3) 20.10 20.33 20.17
Support 4 (S4) 20.07