Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB)
Bear Market Rally (-75) - BIB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BIB as it may be in the beginning of a reversal.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for BIB
The long-term trend has been DOWN since Apr 3rd, 2024 at 54.21
The intermediate-term trend has been DOWN since Mar 14th, 2024 at 56.35
The short-term trend has been UP since Apr 22nd, 2024 at 49.85
Smart Scan Analysis for BIB
Based on our trend formula, BIB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.66 | 51.00 | 49.66 | 50.44 | +1.33 |
| Prev. Close | Volume | Bid | Ask | Time |
| 50.33 | 22701 | 2024-04-23 15:59:54 |
| 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 | 36,910 |
| Shares Outstanding | 1,900 | Market Cap | 193M |
| Assets | 520M | Volatility | 62.81 |