PROSHARES ULTRA NASD BIOTECH (BIB) Stock Technical Analysis
NASDAQ:BIB - Nasdaq - US74347R2141 - ETF - Currency: USD
Overall BIB gets a technical rating of 0 out of 10. BIB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BIB is a bad performer in the overall market: 83% of all stocks are doing better.
BIB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BIB is lagging the market.
Warning: BIB has an average volume of 10666 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BIB has a been trading in the 39.47 - 47.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BIB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for BIB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
39.22
60.31
2 important support areas can be observed.
- Support @40.83 from a trend line in the daily time frame.
- Support @39.62 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @44.34 from a trend line in the daily time frame.
- A resistance zone ranging from 47.30 to 48.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @52.77 from a horizontal line in the daily time frame.
- Resistance @59.71 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BIB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIB is down. |
| ChartMill Relative Strength | 17.32 | NEGATIVE | BIB has a low relative strength, it was outperformed by 82.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIB is below a declining 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) | 48.8 | NEUTRAL | The RSI value for BIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests BIB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.75 | NEUTRAL | The Stochastics value for BIB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BIB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.19 | NEUTRAL | The ADX value for BIB suggests a possible start of a new trend. |
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)
NASDAQ:BIB (5/23/2025, 9:15:48 PM)
43.24
+0.14 (+0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.32%
1 Week0.65%
2 Weeks9.11%
1 Month-3.07%
3 Month-23.95%
6 Month-23.93%
12 Month-23.7%
2 Year-17.24%
3 Year-10.22%
5 Year-38.9%
10 Year-51.21%
15 Year644.39%
Volatility
ATR(14)2.1
ATR(20)%4.45%
ATR Inc-61.64%
Range Today0.74
ADR(20)1.66
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.32
Mansfield-2.48
10 Day High45.3
10 Day Low39.56
20 Day High47.96
20 Day Low39.47
52 Week High69.56
52 Week Low33.78
CS1 End40.83
CR1 Start44.34
Volume & EV
DER(3)0.03%
DER(5)3.23%
Volume6.50K
Volume Incr-47.34%
Vol(5)5.94K
Vol(50)10.67K