Technical Analysis for BIS - ProShares UltraShort Nasdaq Biotechnology

Grade Last Price % Change Price Change
D 14.50 -2.82% -0.42
BIS closed down 1.78 percent on Wednesday, November 6, 2024, on 1.67 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish -2.82%
MACD Bearish Signal Line Cross Bearish -2.82%
Down 3 Days in a Row Weakness -2.82%
Down 4 Days in a Row Weakness -2.82%
Gapped Down Weakness -2.82%
Fell Below 20 DMA Bearish -4.54%
Outside Day Range Expansion -4.54%
Gapped Up Strength -4.54%
Down 3 Days in a Row Weakness -4.54%
180 Bullish Setup Bullish Swing Setup -6.45%

   Recent Intraday Alerts

Alert Time
Down 3% about 1 hour ago
Lower Bollinger Band Support about 3 hours ago
Fell Below Lower Bollinger Band about 3 hours ago
60 Minute Opening Range Breakdown about 4 hours ago
2x Volume Pace about 6 hours ago

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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 Industry Classification Nasdaq Biotechnology Index Nasdaq Biotech Nasdaq Biotechnology Total Return Index

Top 10 Components

Symbol Grade Price % Change Allocation
AMGN D 0.10 8.14
GILD A 6.16 7.41
VRTX B 1.74 7.21
BIIB F -0.42 6.12
ILMN B 2.21 5.67
REGN F 1.07 4.13
INCY B 1.25 2.09
BMRN F 1.54 1.91
ALNY C -0.09 1.60
VTRS C 13.31 1.35

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 25.0986
52 Week Low 13.91
Average Volume 14,306
200-Day Moving Average 16.46
50-Day Moving Average 15.06
20-Day Moving Average 15.24
10-Day Moving Average 15.43
Average True Range 0.33
RSI (14) 44.44
ADX 12.65
+DI 27.63
-DI 37.38
Chandelier Exit (Long, 3 ATRs) 14.97
Chandelier Exit (Short, 3 ATRs) 15.53
Upper Bollinger Bands 15.94
Lower Bollinger Band 14.53
Percent B (%b) 0.27
BandWidth 9.23
MACD Line 0.06
MACD Signal Line 0.10
MACD Histogram -0.035
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.46
Resistance 3 (R3) 15.45 15.26 15.37
Resistance 2 (R2) 15.26 15.12 15.27 15.34
Resistance 1 (R1) 15.09 15.04 15.18 15.10 15.31
Pivot Point 14.90 14.90 14.94 14.90 14.90
Support 1 (S1) 14.73 14.76 14.81 14.74 14.53
Support 2 (S2) 14.54 14.68 14.54 14.50
Support 3 (S3) 14.37 14.54 14.47
Support 4 (S4) 14.38