ProShares Short Nasdaq Biotech Technical Analysis (NASDAQ:ZBIO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the ProShares Short Nasdaq Biotech Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ZBIO Chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for ProShares Short Nasdaq Biotech. The technical analysis form of ProShares Short Nasdaq Biotech Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ProShares Short Nasdaq Biotech Moving Average
Moving averages show the average price of ZBIO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $10.81 is below the last closing price of $11.19 and the 50 day moving average of $10.17 is below the last closing price of $11.19. The 10 and 20 day periods can predict short term moving average trends.
ProShares Short Nasdaq Biotech Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ZBIO stock. The Price is trading between the average and the upper band in the context of ProShares Short Nasdaq Biotech bollinger bands.
ProShares Short Nasdaq Biotech Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the Price trend, as the indicator is useful in understanding the strength, direction and momentum of the Price. The ProShares Short Nasdaq Biotech MACD indicator is below 0 indicating a bearish trend.
ProShares Short Nasdaq Biotech Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ZBIO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.