PROSHARES SHORT 20+ TREASURY (TBF) Stock Technical Analysis
NYSEARCA:TBF • US74347X8496
Taking everything into account, TBF scores 0 out of 10 in our technical rating. TBF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TBF is a bad performer in the overall market: 68% of all stocks are doing better.
- TBF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month TBF has a been trading in a tight range between 23.24 and 24.34.
- Considerably lower volume is observed in the last couple of days.
The technical rating of TBF is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
22.78
We found 1 important support area.
- A support zone ranging from 23.01 to 23.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.47 to 24.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.38 to 25.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for TBF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TBF is down. |
| ChartMill Relative Strength | 32.65 | NEUTRAL | TBF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TBF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.17 | NEUTRAL | The RSI value for TBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TBF has a negative trend. |
| Stochastics (14,3) | 5.7 | OVERSOLD | The low Stochastics value suggests TBF may be oversold. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for TBF suggests low volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for TBF suggests a weak or negative trend. |
23.28
-0.1 (-0.43%)
PROSHARES SHORT 20+ TREASURY / TBF FAQ
What is the technical rating for TBF stock?
ChartMill assigns a technical rating of 0 / 10 to TBF.
What is the current trend direction of PROSHARES SHORT 20+ TREASURY (TBF) stock?
The current trend direction for PROSHARES SHORT 20+ TREASURY (TBF) is Bearish.
What is the RSI signal for TBF stock?
PROSHARES SHORT 20+ TREASURY (TBF) has an RSI value of 32.165. This indicates that the stock is currently neutral.
What is the buy/sell signal for TBF stock?
The buy/sell signal for PROSHARES SHORT 20+ TREASURY (TBF) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for PROSHARES SHORT 20+ TREASURY?
PROSHARES SHORT 20+ TREASURY (TBF) has a support level at 23.19 and a resistance level at 23.47. Check the full technical report for our detailed analysis of TBF support and resistance levels.