PROSHARES ULTRASHORT 20+Y TR (TBT) Stock Technical Analysis
NYSEARCA:TBT - US74347B2016 - ETF
34.55 USD
-1.08 (-3.03%)
34.54 USD
-0.01 (-0.03%)
Taking everything into account, TBT scores 1 out of 10 in our technical rating. TBT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month TBT has a been trading in the 34.51 - 37.05 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, TBT turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
TBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBT is lagging the market.
Volume is considerably higher in the last couple of days.
The technical rating of TBT is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
31.58
39.46
2 important support areas can be observed.
- A support zone ranging from 33.99 to 34.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.90 to 31.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 35.99 to 36.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.44 to 39.07. 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 | NEUTRAL | NEUTRAL | The long term trend for TBT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TBT is down. |
| ChartMill Relative Strength | 48.4 | NEUTRAL | TBT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TBT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.99 | NEUTRAL | The RSI value for TBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TBT has a negative trend. |
| Stochastics (14,3) | 15.12 | OVERSOLD | The low Stochastics value suggests TBT may be oversold. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for TBT suggests low volalility. |
| Average Directional Index/ADX (14) | 10.27 | NEGATIVE | The low ADX value for TBT suggests a weak or negative trend. |
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)
34.55
-1.08 (-3.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.03%
1 Week-3.41%
2 Weeks-5.16%
1 Month-2.24%
3 Month-8.18%
6 Month0.47%
12 Month18.52%
2 Year-11.91%
3 Year8.61%
5 Year120.06%
10 Year-20.34%
15 Year-72.36%
Volatility
ATR(14)0.63
ATR(20)%1.76%
ATR Inc36.34%
Range Today0.35
ADR(20)0.41
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.4
Mansfield-0.99
10 Day High37.05
10 Day Low34.51
20 Day High37.05
20 Day Low34.51
52 Week High39.7
52 Week Low28
CS1 End34.54
CR1 Start35.99
Volume & EV
DER(3)-5.68%
DER(5)-3.91%
Volume1.03M
Volume Incr63.89%
Vol(5)677.78K
Vol(50)420.15K