PROSHARES ULTRASHORT NAS BIO (BIS) Stock Technical Analysis
NASDAQ:BIS - Nasdaq - US74347G8380 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to BIS. BIS has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month BIS has a been trading in the 17.77 - 25.87 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: BIS has an average volume of 12586 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, BIS did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BIS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
BIS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 18.64, a Stop Loss order could be placed below this zone.
More info and screens
14.15
22.03
5 important support areas can be observed.
- A support zone ranging from 18.27 to 18.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.46 to 17.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 16.88 to 17.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.81 to 15.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 14.29 to 14.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @20.97 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.63 to 21.81. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.57
Mansfield1.66
10 Day High22.89
10 Day Low18.52
20 Day High25.87
20 Day Low17.77
52 Week High25.87
52 Week Low14.05
Performance
1 Week-7.7%
2 Weeks-16.7%
1 Month8.25%
3 Month13.5%
6 Month22.65%
12 Month-5.83%
2 Year-3.35%
3 Year-34.25%
5 Year-53.19%
10 Year-86.73%
15 Year-99.61%
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)-0.4
RSI(14)47.46
LBB17.91
UBB23.69
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.98 | 18.51 | 2.47 (11.77%) | 8.49% |
| An entry @20.98. This is a Buy Stop order right above the resistance zone. | An exit @18.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.47 points, which is 11.77%. | When investing 8.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.06
+0.54 (+2.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.92%
1 Week-7.7%
2 Weeks-16.7%
1 Month8.25%
3 Month13.5%
6 Month22.65%
12 Month-5.83%
2 Year-3.35%
3 Year-34.25%
5 Year-53.19%
10 Year-86.73%
15 Year-99.61%
Volatility
ATR(14)1.65
ATR(20)%7.76%
ATR Inc-54.2%
Range Today0.48
ADR(20)1.23
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.57
Mansfield1.66
10 Day High22.89
10 Day Low18.52
20 Day High25.87
20 Day Low17.77
52 Week High25.87
52 Week Low14.05
CS1 End18.64
CR1 Start20.97
Volume & EV
DER(3)-4.94%
DER(5)-2.54%
Volume4.40K
Volume Incr-57.25%
Vol(5)5.76K
Vol(50)12.59K