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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB)
Crossroads (+60) - BIB is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BIB?
MarketClub looks at technical strength and momentum to determine if the timing is right for BIB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BIB
The long-term trend has been DOWN since Apr 3rd, 2024 at 54.210
The intermediate-term trend has been UP since May 3rd, 2024 at 54.745
The short-term trend has been UP since Apr 29th, 2024 at 50.900
Smart Scan Analysis for BIB
Based on our trend formula, BIB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 54.9700 | 55.5772 | 54.7207 | 54.9800 | -0.6300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 54.9600 | 10145 | 2024-05-08 15:59:24 |
| Year High | 70.82 | Year High Date | 2018-10-01 |
| Year Low | 46.69 | Year Low Date | 2018-11-20 |
| 52wk High | 62.4497 | 52wk High Date | 2024-02-27 |
| 52wk Low | 40.1 | 52wk Low Date | 2023-10-31 |
| Year End Close | 57.969 | Average Volume | 27,921 |
| Shares Outstanding | 1,900 | Market Cap | 193M |
| Assets | 520M | Volatility | 62.81 |