BIS NEWS why is Proshares Ultrashort Nasdaq Biotechnology price falling or rising

BIS NEWS reasons for why stock price of Proshares Ultrashort Nasdaq Biotechnology is falling or rising

BIS Proshares Ultrashort is falling or rising technical reasons

Technical analysis forecast of Proshares Ultrashort 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 Ultrashort BIS at this time. Stock is rising and might rise more.

It appears as if Proshares Ultrashort BIS gave a large move recently.

Stock of Proshares Ultrashort (BIS) 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!

My analysis of Proshares Ultrashort is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Proshares Ultrashort stays above 17.8, but if it comes below 17.8, then a intra day sell could be more profitable.
If you take a sell trade below 17.8, then use 17.8 as stoploss and 16.99 as target. However if you take a buy trade in Proshares Ultrashort, then use 17.8 as stoploss and 18.7 as target.

BIS Proshares Ultrashort is falling or rising NEWS fundamental reasons

Better Marijuana Stock: Aurora Cannabis or Tilray Brands? The global cannabis market tells a tale of survival and adaptation. After a brutal multiyear shakeout that saw dozens of companies fold or merge, the remaining players have emerged battle-tested and strategically transformed. - NEWS as on 2024-12-19 nasdaq.com

More announcements and NEWS

BIS Proshares Ultrashort Nasdaq Biotechnology current price & indicator signals

Moving Averages for Proshares Ultrashort Nasdaq Biotechnology

  • 5Day Average: 17.84
  • 12Day Average: 17.05
  • 20Day Average: 17.06
  • 50Day Average: 15.97
  • 100Day Average: 15.49
  • 150Day Average: 15.86
  • 200Day Average: 16.56

BIS Indicators & signals

Indicator MACD (12,26,9)

17.36, 16.76, 0.45
Indicator MACD is in positive zone

Indicator ADX (14)

36.59, 50.91, 23.64
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
20 Fri Dec 2024 18.26 17.92 to 18.39 -1.46% 0.75 times
19 Thu Dec 2024 18.53 18.38 to 18.95 1.04% 1.24 times
18 Wed Dec 2024 18.34 16.94 to 18.42 8.14% 1.21 times
17 Tue Dec 2024 16.96 16.86 to 17.10 -0.82% 0.41 times
16 Mon Dec 2024 17.10 16.91 to 17.18 -1.44% 0.69 times
13 Fri Dec 2024 17.35 17.22 to 17.47 1.94% 0.39 times
12 Thu Dec 2024 17.02 16.47 to 17.04 3.91% 1.1 times
11 Wed Dec 2024 16.38 16.21 to 16.53 0.43% 0.47 times
10 Tue Dec 2024 16.31 15.92 to 16.35 1.94% 1.76 times
09 Mon Dec 2024 16.00 15.83 to 16.09 -0.93% 1.91 times
26 Tue Nov 2024 16.15 16.15 to 16.66 0% 0.81 times
26 Tue Nov 2024 16.15 16.15 to 16.66 -0.19% 0.81 times

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BIS NEWS why is Proshares Ultrashort Nasdaq Biotechnology price falling or rising

 

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