Technical Analysis for BIB - ProShares Ultra Nasdaq Biotechnology

Grade Last Price % Change Price Change
C 57.53 2.15% 1.21
BIB closed up 2.15 percent on Wednesday, May 15, 2024, on 1.6 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Overbought Stochastic Strength 2.15%
Narrow Range Bar Range Contraction 3.14%
Gapped Up Strength 3.14%
Overbought Stochastic Strength 3.14%
50 DMA Support Bullish 5.62%
Outside Day Range Expansion 5.62%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 8 hours ago
Rose Above Previous Day's High about 11 hours ago
2x Volume Pace about 11 hours ago
1.5x Volume Pace about 11 hours ago
3x Volume Pace about 11 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 2.45 6.45
VRTX B 2.08 5.72
REGN B -0.65 5.69
GILD F -0.95 5.17
MRNA C 0.58 3.42
AZN B -0.09 3.29
BIIB D 3.72 2.34
ALNY F -0.33 1.41
ILMN F -0.49 1.29
BMRN F 0.94 1.13

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 34,942
200-Day Moving Average 52.07
50-Day Moving Average 54.23
20-Day Moving Average 52.68
10-Day Moving Average 55.49
Average True Range 1.51
RSI (14) 64.54
ADX 19.64
+DI 34.48
-DI 21.46
Chandelier Exit (Long, 3 ATRs) 53.48
Chandelier Exit (Short, 3 ATRs) 51.71
Upper Bollinger Bands 58.76
Lower Bollinger Band 46.61
Percent B (%b) 0.9
BandWidth 23.08
MACD Line 0.92
MACD Signal Line 0.26
MACD Histogram 0.6657
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 59.18
Resistance 3 (R3) 59.15 58.58 58.91
Resistance 2 (R2) 58.58 58.16 58.59 58.81
Resistance 1 (R1) 58.05 57.90 58.32 58.08 58.72
Pivot Point 57.48 57.48 57.61 57.49 57.48
Support 1 (S1) 56.95 57.06 57.22 56.98 56.34
Support 2 (S2) 56.38 56.80 56.39 56.25
Support 3 (S3) 55.85 56.38 56.16
Support 4 (S4) 55.88