Technical Analysis for BIB - ProShares Ultra Nasdaq Biotechnology

Grade Last Price % Change Price Change
D 51.39 3.48% 1.73
BIB closed up 3.48 percent on Monday, April 29, 2024, on 1.23 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Crossed Above 20 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup 2.53%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 2.53%
Multiple of Ten Bullish Other 2.53%
Inside Day Range Contraction 2.53%
Gapped Up Strength 2.53%

   Recent Intraday Alerts

Alert Time
20 DMA Resistance about 5 hours ago
200 DMA Resistance about 6 hours ago
Rose Above 200 DMA about 7 hours ago
Possible Pocket Pivot about 8 hours ago
2x Volume Pace about 9 hours ago

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Profile

The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) 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. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Stock Market Index Biotechnology Leveraged ETF Ultra ETF Nasdaq 100 Industry Classification Nasdaq Biotechnology Index Nasdaq Biotech Nasdaq Biotechnology Total Return Index

Top 10 Components

Symbol Grade Price % Change Allocation
AMGN B 2.37 6.29
VRTX D -0.32 6.01
REGN D 1.05 5.92
GILD F 0.79 5.87
MRNA B 3.38 3.35
AZN A 0.41 3.34
BIIB D 3.16 2.36
ILMN D 2.00 1.57
ALNY F 2.83 1.46
BMRN D 1.51 1.38

Is BIB 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 62.4049
52 Week Low 40.0428
Average Volume 35,819
200-Day Moving Average 51.95
50-Day Moving Average 55.21
20-Day Moving Average 51.29
10-Day Moving Average 49.43
Average True Range 1.58
RSI (14) 46.81
ADX 31.14
+DI 25.98
-DI 34.93
Chandelier Exit (Long, 3 ATRs) 53.66
Chandelier Exit (Short, 3 ATRs) 51.95
Upper Bollinger Bands 55.69
Lower Bollinger Band 46.89
Percent B (%b) 0.51
BandWidth 17.16
MACD Line -1.63
MACD Signal Line -1.80
MACD Histogram 0.1736
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.89
Resistance 3 (R3) 52.93 52.46 52.64
Resistance 2 (R2) 52.46 52.08 52.45 52.56
Resistance 1 (R1) 51.93 51.85 52.20 51.89 52.47
Pivot Point 51.46 51.46 51.60 51.45 51.46
Support 1 (S1) 50.93 51.08 51.20 50.89 50.31
Support 2 (S2) 50.46 50.85 50.45 50.22
Support 3 (S3) 49.93 50.46 50.14
Support 4 (S4) 49.89