We assign a technical rating of 5 out of 10 to TBT. Recently some decent action could be observed, but in the medium term time frame this is still negative. TBT was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, TBT does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 34.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3 important support areas can be observed.
- A support zone ranging from 33.89 to 34.72. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.99 to 35.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for TBT is up. |
| ChartMill Relative Strength | 29.83 | NEGATIVE | TBT has a low relative strength, it was outperformed by 70.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBT is above the rising 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) | 54.82 | NEUTRAL | The RSI value for TBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.98 | NEUTRAL | The Stochastics value for TBT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for TBT suggests low volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for TBT suggests a weak or negative trend. |
34.8
+0.4 (+1.16%)
PROSHARES ULTRASHORT 20+Y TR / TBT FAQ
What is the technical rating for TBT stock?
ChartMill assigns a technical rating of 2 / 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 54.82. 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 -0.0379072, 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 positive.