PROSHARES ULTRASHORT 20+Y TR (TBT) Stock Technical Analysis
NYSEARCA:TBT - NYSE Arca - US74347B2016 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to TBT. In the last year, TBT 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.
In the last month TBT has a been trading in the 36.08 - 39.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TBT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TBT is performing more or less in line with the market.
Looking at the yearly performance, TBT did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Considerably lower volume is observed in the last couple of days.
TBT has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately.
More info and screens
31.23
39.46
We found 2 important support areas.
- A support zone ranging from 33.12 to 33.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.55 to 31.99. 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 37.15 to 39.07. This zone is formed by a combination of multiple trend lines and important moving averages 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 TBT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBT is neutral. |
| ChartMill Relative Strength | 73.69 | POSITIVE | TBT has a high relative strength, it outperformed 73.69% 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) | UP | POSITIVE | The current price of TBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.26 | NEUTRAL | The RSI value for TBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests TBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.12 | NEUTRAL | The Stochastics value for TBT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for TBT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.41 | 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)
36.87
+0.75 (+2.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.08%
1 Week-2.02%
2 Weeks-0.65%
1 Month-0.73%
3 Month7.21%
6 Month5.46%
12 Month12.44%
2 Year25.41%
3 Year40.99%
5 Year131.89%
10 Year-25.95%
15 Year-74.02%
Volatility
ATR(14)0.88
ATR(20)%2.52%
ATR Inc22.22%
Range Today1.14
ADR(20)0.74
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.69
Mansfield0.38
10 Day High38.09
10 Day Low36.08
20 Day High39.7
20 Day Low36.08
52 Week High39.7
52 Week Low28
CS1 End33.3
CR1 Start37.15
Volume & EV
DER(3)2.7%
DER(5)1.89%
Volume437.60K
Volume Incr-24.09%
Vol(5)257.00K
Vol(50)525.10K