In its latest trading session, ProShares UltraPro Short NASDAQ Biotechnology (NASDAQ:ZBIO) spiked up by 3.6% – here is what that looked like (as of 2020-01-06):
Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 31.991, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.361, an Accumulation/Distribution Index (ADI) of 0.361, an On-Balance Volume (OBV) of 223.0, and a Chaiikin Money Flow (CMF) of -9.344. 22.067
Now let’s plug these indicators in. Consulting Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for ProShares UltraPro Short NASDAQ Biotechnology (NASDAQ:ZBIO). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.