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.
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.
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52.77
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.
4 important resistance areas can be observed.
- 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. |
Ipath US Treasury Flattener ETN
NYSEARCA:FLAT (8/10/2020, 5:39:56 PM)
71.26
-0.3 (-0.42%)
Ipath US Treasury Flattener ETN / FLAT FAQ
What is the ChartMill technical rating of Ipath US Treasury Flattener ETN (FLAT) stock?
ChartMill assigns a technical rating of 3 / 10 to FLAT.
What is the current trend direction of Ipath US Treasury Flattener ETN (FLAT) stock?
The current trend direction for Ipath US Treasury Flattener ETN (FLAT) is Bullish.
What is the RSI signal for FLAT stock?
Ipath US Treasury Flattener ETN (FLAT) has an RSI value of 48.2282. This indicates that the stock is currently neutral.
What is the buy/sell signal for FLAT stock?
The buy/sell signal for Ipath US Treasury Flattener ETN (FLAT) is hold as the short term and long term trends are mixed.
What is the support and resistance level for FLAT stock?
Ipath US Treasury Flattener ETN (FLAT) has a support level at 71.25 and a resistance level at 71.52. Check the full technical report for our detailed analysis of FLAT support and resistance levels.