Taking everything into account, TBT scores 3 out of 10 in our technical rating. TBT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TBT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 34.29, a Stop Loss order could be placed below this zone.
More info and screens
31.46
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.93 to 34.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.00 from a trend line in the weekly time frame.
- A support zone ranging from 31.78 to 32.31. 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 34.58 to 35.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.90 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 | NEUTRAL | NEUTRAL | The short term trend for TBT is neutral. |
| ChartMill Relative Strength | 26.8 | NEGATIVE | TBT has a low relative strength, it was outperformed by 73.2% off all stocks 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) | UP | POSITIVE | The current price of TBT is above the rising 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) | 48.27 | NEUTRAL | The RSI value for TBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TBT has a negative trend. |
| Stochastics (14,3) | 39.67 | NEUTRAL | The Stochastics value for TBT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for TBT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.55 | NEGATIVE | The low ADX value for TBT suggests a weak or negative trend. |
34.3
-0.5 (-1.44%)
PROSHARES ULTRASHORT 20+Y TR / TBT FAQ
What is the technical rating for TBT stock?
ChartMill assigns a technical rating of 3 / 10 to TBT.
What is the trend direction for TBT stock?
The current trend direction for PROSHARES ULTRASHORT 20+Y TR (TBT) is Bearish.
What is the RSI signal for PROSHARES ULTRASHORT 20+Y TR (TBT) stock?
PROSHARES ULTRASHORT 20+Y TR (TBT) has an RSI value of 48.2686. This indicates that the stock is currently neutral.
What is the MACD signal for TBT stock?
The MACD indicator for PROSHARES ULTRASHORT 20+Y TR (TBT) has a value of -0.0625125, indicating a bearish trend.
What is the short term momentum for TBT stock?
The short term momentum for PROSHARES ULTRASHORT 20+Y TR (TBT) is neutral.