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(BIS) Proshares Ultrashort complete technical analysis [charts+indicators] | Buy/Sell Proshares Ultrashort | (BIS) share price targets

Complete technical analysis of Proshares Ultrashort (BIS) by charts plus indicators, forecast predictions and share price targets for Proshares Ultrashort (BIS)

Proshares Ultrashort trades in USA in N A sector.

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Proshares Ultrashort is 8370

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	16.94	16.48	16.94	16.48	2.043 times
27 Tue Feb 2024	16.46	16.86	16.86	16.37	0.717 times
26 Mon Feb 2024	16.90	17.14	17.14	16.88	0.812 times
23 Fri Feb 2024	17.19	17.14	17.26	17.08	0.43 times
22 Thu Feb 2024	17.47	17.88	17.88	17.29	2.103 times
21 Wed Feb 2024	17.95	17.95	18.10	17.95	0.98 times
20 Tue Feb 2024	18.03	17.75	18.12	17.72	0.514 times
16 Fri Feb 2024	17.82	17.83	17.83	17.67	0.323 times
15 Thu Feb 2024	17.61	18.00	18.00	17.61	1.051 times
14 Wed Feb 2024	18.19	18.45	18.50	18.18	1.637 times

Stock of Proshares Ultrashort (BIS) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 17.2, but if it comes above 17.2, then a intra day buy could be more profitable.
If you take a sell trade below 17.2, then use 17.2 as stoploss and 16.6 as target. However if you take a buy trade in stock , then use 17.2 as stoploss and 17.75 as target.

Share price targets for Proshares Ultrashort (BIS)

Target Type	Value
Downside Target	16.37
Downside Target	16.80
Upside Target	18.12
Upside Target	18.56
Upside Target	18.82
Upside Target	21.95
Upside Target	23.04
Upside Target	23.23
Upside Target	26.07
Upside Target	26.51

Intraday share price targets for Proshares Ultrashort (BIS)

Target Type	Value
Downside Intraday Target	16.49
Downside Intraday Target	16.05
Upside Intraday Target	17.26
Upside Intraday Target	17.59
Downside Intraday Target	16.82

Weekly technical analysis of Proshares Ultrashort (BIS)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	16.94	17.14	17.14	16.37	0.887 times
23 Fri Feb 2024	17.19	17.75	18.12	17.08	0.744 times
16 Fri Feb 2024	17.82	18.03	18.82	17.61	1.208 times
09 Fri Feb 2024	18.13	17.92	18.56	17.63	0.045 times
02 Fri Feb 2024	18.04	17.74	18.16	17.22	2.573 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Proshares Ultrashort (BIS)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	16.94	18.02	18.82	16.37	0.444 times
31 Wed Jan 2024	17.99	17.30	18.27	16.80	19.503 times
29 Fri Dec 2023	18.07	23.13	23.23	17.48	0.446 times
30 Thu Nov 2023	23.28	25.41	26.07	23.04	0.697 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Proshares Ultrashort (BIS)

Price action analysis of Proshares Ultrashort ( (BIS) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Proshares Ultrashort ( (BIS) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Proshares Ultrashort ( (BIS) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Proshares Ultrashort stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Proshares Ultrashort in short term and the sell signal is strong.

Proshares Ultrashort Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Proshares Ultrashort in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Proshares Ultrashort is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 17.45 and Proshares Ultrashort (BIS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Proshares Ultrashort (BIS) stock. Volume based technical analysis of Proshares Ultrashort (BIS) stock is negative.

Proshares Ultrashort Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.