PROSHARES ULTRASHORT NAS BIO (BIS) Stock Technical Analysis
NASDAQ:BIS - Nasdaq - US74347G8380 - ETF - Currency: USD
Overall BIS gets a technical rating of 1 out of 10. BIS'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, BIS is a bad performer in the overall market: 85% of all stocks are doing better.
BIS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: BIS has an average volume of 13284 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BIS has a been trading in the 15.04 - 16.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BIS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 15.15, a Stop Loss order could be placed below this zone.
More info and screens
14.14
20.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.11 to 15.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 14.28 to 14.34. 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 @18.17 from a horizontal line in the daily time frame.
- Resistance @20.70 from a trend line in the weekly 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 BIS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIS is down. |
| ChartMill Relative Strength | 15.96 | NEGATIVE | BIS has a low relative strength, it was outperformed by 84.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BIS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.08 | NEUTRAL | The RSI value for BIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests BIS has a positive trend. |
| Stochastics (14,3) | 51.8 | NEUTRAL | The Stochastics value for BIS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for BIS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for BIS suggests a weak or negative 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:BIS (8/7/2025, 8:12:38 PM)
15.9435
+0.05 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.34%
1 Week0.48%
2 Weeks4.82%
1 Month1.36%
3 Month-24.15%
6 Month-4.76%
12 Month0.65%
2 Year-22.9%
3 Year-35.32%
5 Year-49.74%
10 Year-87.44%
15 Year-99.73%
Volatility
ATR(14)0.45
ATR(20)%2.95%
ATR Inc2.68%
Range Today0.31
ADR(20)0.39
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.96
Mansfield-1.35
10 Day High16.16
10 Day Low15.07
20 Day High16.57
20 Day Low15.04
52 Week High25.87
52 Week Low14.05
CS1 End15.15
CR1 Start18.17
Volume & EV
DER(3)-3.51%
DER(5)-1.86%
Volume15.90K
Volume Incr23.45%
Vol(5)14.23K
Vol(50)13.28K