BIS Stock Tickeron detected bullish ETF Pattern: Triangle Ascending BIS on October 07, 2024, netting in a 3.44% gain over 1 month

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BIS - ProShares UltraShort Nasdaq Biotech

Ticker: BIS

Company: ProShares UltraShort Nasdaq Biotech

Gain: +3.44%

Confirmed: 10/07/24

Succeeded: 11/14/24

Total length: 42 days

Momentum Indicator for BIS turns positive, indicating new upward trend

BIS saw its Momentum Indicator move above the 0 level on November 14, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BIS just turned positive on November 14, 2024. Looking at past instances where BIS's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

BIS moved above its 50-day moving average on November 12, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BIS advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BIS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BIS broke above its upper Bollinger Band on November 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.