ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Fell By -2.5%, But Why?

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After completing its last trading session, ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) dropped by -2.5% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.026, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.93, an Accumulation/Distribution Index (ADI) of 0.93, an On-Balance Volume (OBV) of 615.117, and a Chaiikin Money Flow (CMF) of 60.98. 2.775

Now let’s plug these indicators in. Consulting Trading View, this is what it all means:

So there you have it – our analysis of ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.