PROSHARES ULTRA NASD BIOTECH (BIB) Stock Technical Analysis
NASDAQ:BIB - Nasdaq - US74347R2141 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to BIB. Recently some decent action could be observed, but in the medium term time frame this is still negative. BIB was also a bad performer in the overall market in the last year.
66% of all other stocks performed better in the past year than BIB.
Warning: BIB has an average volume of 10254 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BIB has a been trading in the 52.00 - 58.94 range, which is quite wide. It is currently trading near the high of this range.
BIB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BIB is lagging the market.
BIB has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
48.53
69.17
When analyzing the support we can see 5 important areas.
- Support @56.71 from a trend line in the daily time frame.
- A support zone ranging from 55.07 to 55.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.52 to 53.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.07 to 51.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @56.87 from a horizontal line in the weekly time frame.
- Resistance @58.34 from a horizontal line in the daily time frame.
- Resistance @59.71 from a horizontal line in the daily time frame.
- Resistance @68.49 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.79
Mansfield-0.99
10 Day High58.01
10 Day Low52
20 Day High58.94
20 Day Low52
52 Week High69.56
52 Week Low47.2
Performance
1 Week2.73%
2 Weeks-0.18%
1 Month3.14%
3 Month0.04%
6 Month-15.78%
12 Month-4.36%
2 Year6.5%
3 Year-0.65%
5 Year4.06%
10 Year-26.03%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.19
RSI(14)57.59
LBB52.36
UBB58.55
56.86
-0.24 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.42%
1 Week2.73%
2 Weeks-0.18%
1 Month3.14%
3 Month0.04%
6 Month-15.78%
12 Month-4.36%
2 Year6.5%
3 Year-0.65%
5 Year4.06%
10 Year-26.03%
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%2.76%
ATR Inc-31.22%
Range Today1.15
ADR(20)1.37
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.79
Mansfield-0.99
10 Day High58.01
10 Day Low52
20 Day High58.94
20 Day Low52
52 Week High69.56
52 Week Low47.2
CS1 End56.71
CR1 Start56.87
Volume & EV
DER(3)1.33%
DER(5)-0.12%
Volume12.00K
Volume Incr-12.75%
Vol(5)10.30K
Vol(50)10.25K