PROSHARES SHORT 20+ TREASURY (TBF) Stock Technical Analysis
NYSEARCA:TBF - NYSE Arca - US74347X8496 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to TBF. In the last year, TBF was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, TBF does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.74, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.40
4 important support areas can be observed.
- A support zone ranging from 24.16 to 24.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.41 to 23.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.78 to 23.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.62 to 22.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.92 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 | UP | POSITIVE | The long term trend for TBF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBF is neutral. |
| ChartMill Relative Strength | 41.33 | NEUTRAL | TBF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TBF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.07 | NEUTRAL | The RSI value for TBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TBF has a positive trend. |
| Stochastics (14,3) | 62 | NEUTRAL | The Stochastics value for TBF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for TBF suggests low volalility. |
| Average Directional Index/ADX (14) | 9.07 | NEGATIVE | The low ADX value for TBF suggests a weak or negative trend. |
NYSEARCA:TBF (7/14/2025, 9:52:53 AM)
24.8319
+0 (+0.01%)