PROSHARES SHORT 20+ TREASURY (TBF)       21.19  -0.29 (-1.35%)

21.19  -0.29 (-1.35%)

US74347X8496 - ETF - After market: 21.35 +0.16 (+0.76%)

Technical Rating

3

Taking everything into account, TBF scores 3 out of 10 in our technical rating. Although TBF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.



When comparing the yearly performance of all stocks, we notice that TBF is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by TBF over the past year are nicely spread over this period.
TBF has an average volume of 2140910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
TBF is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month TBF has a been trading in the 21.11 - 24.29 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -13.08% 0.47% 4.38% 32.44% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 93.4 15.735 - 24.81
TBF Weekly chart
TBF Daily chart

Support/Resistance Analysis


18.84

22.70
We found 3 important support areas.
  • Support @21.15 from a trend line in the daily time frame.
  • Support @20.42 from a horizontal line in the daily time frame.
  • A support zone ranging from 19.03 to 19.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 21.84 to 22.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

2

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.


TBF Daily chart

PROSHARES SHORT 20+ TREASURY21.19

NYSEARCA:TBF (12/6/2022, 7:06:00 PM)-0.29 (-1.35%)

After market: 21.35 +0.16 (+0.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -1.35% 1 Week -4.98%
2 Weeks -6.65% 1 Month -13.08%
3 Month 0.47% 6 Month 4.38%
Volatility
ATR(14) 0.36 ATR(20)% 1.8%
ATR Inc 12.26% Range Today 0.26
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 93.4 Mansfield 1.17
10 Day High 22.61 10 Day Low 21.11
20 Day High 24.29 20 Day Low 21.11
52 Week High 24.81 52 Week Low 15.74
CS1 End 21.15 CR1 Start 21.84
Volume & EV
DER(3) -0.97% DER(5) -1.96%
Volume 881.70K Volume Incr -30.2%
Vol(5) 1.58M Vol(50) 2.14M

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