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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 2024-04-11 View latest technical analysis

10 day averaged volume of Proshares Ultrashort is 11120

Date	Daily Closing Price	Open	High	Low	Volume
11 Thu Apr 2024	18.79	18.91	18.91	18.63	0.315 times
10 Wed Apr 2024	19.01	19.00	19.21	18.94	4.433 times
09 Tue Apr 2024	18.38	18.60	18.60	18.38	0.135 times
08 Mon Apr 2024	18.83	18.80	18.83	18.80	0.036 times
05 Fri Apr 2024	18.87	19.03	19.03	18.71	0.315 times
04 Thu Apr 2024	19.05	18.17	19.10	18.17	0.656 times
03 Wed Apr 2024	18.59	18.46	18.59	18.46	0.333 times
02 Tue Apr 2024	18.54	18.45	18.54	18.45	0.495 times
01 Mon Apr 2024	17.76	18.01	18.01	17.76	0.135 times
28 Thu Mar 2024	17.58	17.32	17.58	17.31	0.216 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.7, but if it comes below 18.7, then a intra day sell could be more profitable.
If you take a sell trade below 18.7, then use 18.7 as stoploss and 18.25 as target. However if you take a buy trade in stock , then use 18.7 as stoploss and 19.3 as target.

Share price targets for Proshares Ultrashort (BIS)

Target Type	Value
Downside Target	16.37
Downside Target	16.80
Downside Target	17.31
Downside Target	18.38
Downside Target	18.43
Upside Target	18.82
Upside Target	19.10
Upside Target	19.21
Upside Target	23.23

Intraday share price targets for Proshares Ultrashort (BIS)

Target Type	Value
Downside Intraday Target	18.38
Downside Intraday Target	17.96
Upside Intraday Target	19.21
Upside Intraday Target	19.62
Upside Intraday Target	18.79

Weekly technical analysis of Proshares Ultrashort (BIS)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Thu Apr 2024	18.79	18.80	19.21	18.38	2.544 times
05 Fri Apr 2024	18.87	18.01	19.10	17.76	0.286 times
28 Thu Mar 2024	17.58	17.91	17.96	17.31	3.509 times
22 Fri Mar 2024	17.92	18.28	18.43	17.40	0.836 times
15 Fri Mar 2024	18.18	17.31	18.25	17.31	1.012 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Proshares Ultrashort (BIS)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Thu Apr 2024	18.79	18.01	19.21	17.76	0.499 times
28 Thu Mar 2024	17.58	17.50	18.43	16.86	0.364 times
29 Thu Feb 2024	17.67	18.02	18.82	16.37	0.449 times
31 Wed Jan 2024	17.99	17.30	18.27	16.80	19.503 times

Scroll below to view daily charts

Price has moved up 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Proshares Ultrashort ( (BIS) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Proshares Ultrashort ( (BIS) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Proshares Ultrashort ( (BIS) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Proshares Ultrashort in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Proshares Ultrashort Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 18.86 and Proshares Ultrashort (BIS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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