PROSHARES ULTRA NASD BIOTECH (BIB) Stock Technical Analysis
NASDAQ:BIB - Nasdaq - US74347R2141 - ETF - Currency: USD
Overall BIB gets a technical rating of 6 out of 10. In the past year, BIB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, BIB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 52.56. Right above this resistance zone may be a good entry point.
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39.95
We found 2 important support areas.
- Support @45.06 from a horizontal line in the daily time frame.
- Support @40.35 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.56 to 53.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BIB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIB is up. |
| ChartMill Relative Strength | 51.81 | NEUTRAL | BIB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BIB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BIB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.7 | NEUTRAL | The RSI value for BIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests BIB has a negative trend. |
| Stochastics (14,3) | 32.9 | NEUTRAL | The Stochastics value for BIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for BIB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for BIB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 51.12 | 49.23 | 1.89 (3.69%) | 25.00% |
| An entry @51.12. This is a Buy Stop order right above the 10 day moving average. | An exit @49.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.89 points, which is 3.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- The distance between exit and entry is rather small compared to the average daily movement of BIB. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:BIB (8/8/2025, 8:20:56 PM)
50.7955
+0.71 (+1.42%)