Ipath US Treasury Flattener ETN (FLAT) Stock Technical Analysis
NYSEARCA:FLAT - NYSE Arca - US06740L4858
We assign a technical rating of 3 out of 10 to FLAT. FLAT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, FLAT is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month FLAT has a been trading in the 70.82 - 77.49 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: FLAT has an average volume of 134 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
FLAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FLAT is lagging the market slightly.
Although the technical rating is bad, FLAT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 71.25, a Stop Loss order could be placed below this zone.
More info and screens
52.77
87.67
4 important support areas can be observed.
- A support zone ranging from 70.16 to 71.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @68.70 from a horizontal line in the weekly time frame.
- Support @58.98 from a trend line in the daily time frame.
- Support @53.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 71.52 to 72.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.84 from a trend line in the daily time frame.
- Resistance @77.49 from a horizontal line in the daily time frame.
- Resistance @86.80 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.36
Mansfield-0.68
10 Day High77.49
10 Day Low71.08
20 Day High77.49
20 Day Low70.82
52 Week High88.06
52 Week Low50.83
Performance
1 Week-8.04%
2 Weeks0.09%
1 Month0.81%
3 Month-2.39%
6 Month0.01%
12 Month2.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)48.23
LBB68.54
UBB74.95
Ipath US Treasury Flattener ETN
NYSEARCA:FLAT (8/10/2020, 5:39:56 PM)
71.26
-0.3 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.42%
1 Week-8.04%
2 Weeks0.09%
1 Month0.81%
3 Month-2.39%
6 Month0.01%
12 Month2.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.97
ATR(20)%1.02%
ATR Inc-83.85%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.36
Mansfield-0.68
10 Day High77.49
10 Day Low71.08
20 Day High77.49
20 Day Low70.82
52 Week High88.06
52 Week Low50.83
CS1 End71.25
CR1 Start71.52
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-9.09%
Vol(5)100
Vol(50)134