BIB NEWS why is Proshares Ultra Nasdaq Biotechnology price falling or rising

BIB NEWS reasons for why stock price of Proshares Ultra Nasdaq Biotechnology is falling or rising

BIB Proshares Ultra is falling or rising technical reasons

Technical analysis forecast of Proshares Ultra Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Proshares Ultra BIB at this time. Stock is rising and might rise more.

It appears as if Proshares Ultra BIB gave a large move recently.

Stock of Proshares Ultra (BIB) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Proshares Ultra is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 66, for a target of 62.9 or 60.28

BIB Proshares Ultra is falling or rising NEWS fundamental reasons

More announcements and NEWS

BIB Proshares Ultra Nasdaq Biotechnology current price & indicator signals

Moving Averages for Proshares Ultra Nasdaq Biotechnology

  • 5Day Average: 62.86
  • 12Day Average: 60.22
  • 20Day Average: 59.72
  • 50Day Average: 58.07
  • 100Day Average: 56.53
  • 150Day Average: 56.77
  • 200Day Average: 53.83

BIB Indicators & signals

Indicator MACD (12,26,9)

61.27, 59.76, 0.86
Indicator MACD is in positive zone

Indicator ADX (14)

48.72, 53.37, 18.4
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BIB Proshares Ultra Nasdaq Biotechnology are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Fri Jul 2024 66.20 65.73 to 67.32 1.47% 3 times
11 Thu Jul 2024 65.24 62.99 to 65.59 4.74% 3.07 times
10 Wed Jul 2024 62.29 60.99 to 62.33 2.38% 0.91 times
09 Tue Jul 2024 60.84 59.69 to 60.84 1.82% 0.41 times
08 Mon Jul 2024 59.75 58.56 to 59.80 2.98% 0.74 times
05 Fri Jul 2024 58.02 56.91 to 58.10 1.58% 0.67 times
03 Wed Jul 2024 57.12 56.71 to 57.93 0% 0.56 times
03 Wed Jul 2024 57.12 56.71 to 57.93 -1.64% 0.56 times
02 Tue Jul 2024 58.07 57.65 to 58.50 -1.83% 1.41 times
01 Mon Jul 2024 59.15 58.61 to 60.84 -0.19% 0.64 times
28 Fri Jun 2024 59.26 58.60 to 59.83 -0.59% 1.04 times
27 Thu Jun 2024 59.61 59.13 to 59.78 0.17% 0.53 times

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BIB NEWS why is Proshares Ultra Nasdaq Biotechnology price falling or rising

 

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