Taking everything into account, TMF scores 0 out of 10 in our technical rating. TMF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
TMF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 39.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.02, a Stop Loss order could be placed below this zone.
More info and screens
34.63
We found 4 important support areas.
- A support zone ranging from 37.19 to 38.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.60 from a horizontal line in the daily time frame.
- Support @35.85 from a horizontal line in the daily time frame.
- Support @34.98 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 39.01 to 39.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.27 from a trend line in the weekly time frame.
- Resistance @41.96 from a horizontal line in the daily time frame.
- A resistance zone ranging from 42.95 to 43.15. 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 | DOWN | NEGATIVE | The long term trend for TMF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMF is down. |
| ChartMill Relative Strength | 26.02 | NEGATIVE | TMF has a low relative strength, it was outperformed by 73.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TMF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TMF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TMF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.56 | NEUTRAL | The RSI value for TMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TMF has a positive trend. |
| Stochastics (14,3) | 50.01 | NEUTRAL | The Stochastics value for TMF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for TMF suggests low volalility. |
| Average Directional Index/ADX (14) | 25.55 | POSITIVE | The high ADX value value for TMF suggests a strong trend. |
38.14
+0.72 (+1.92%)
DRX DLY 20+ YR TREAS BULL 3X / TMF FAQ
What is the ChartMill technical rating of DRX DLY 20+ YR TREAS BULL 3X (TMF) stock?
ChartMill assigns a technical rating of 0 / 10 to TMF.
What is the trend direction for TMF stock?
The current trend direction for DRX DLY 20+ YR TREAS BULL 3X (TMF) is Bearish.
Can you provide the RSI signal for DRX DLY 20+ YR TREAS BULL 3X?
DRX DLY 20+ YR TREAS BULL 3X (TMF) has an RSI value of 47.5645. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DRX DLY 20+ YR TREAS BULL 3X?
The short term momentum for DRX DLY 20+ YR TREAS BULL 3X (TMF) is negative.
What is the buy/sell signal for DRX DLY 20+ YR TREAS BULL 3X (TMF) stock?
The buy/sell signal for DRX DLY 20+ YR TREAS BULL 3X (TMF) is sell as both the short term and long term trends are negative.