Ipath US Treasury Flattener ETN (FLAT) Stock Technical Analysis
USA - NYSEARCA:FLAT - US06740L4858
71.26
-0.3 (-0.42%)
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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
FLAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLAT is lagging the market.
FLAT has a bad technical rating, but it does show a decent setup pattern. 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.
We can see 4 important resistance 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.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FLAT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FLAT is down. |
| ChartMill Relative Strength | 36.36 | NEUTRAL | FLAT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FLAT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FLAT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FLAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.23 | NEUTRAL | The RSI value for FLAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FLAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 6.67 | OVERSOLD | The low Stochastics value suggests FLAT may be oversold. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for FLAT suggests low volalility. |
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)
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