DIR DLY 20+YR TR BL3X ETF-UI (TMF) Technical Analysis
NYSEARCA:TMF • US25460G1388
Current stock price
TMF Technical Rating and Analysis
Overall TMF gets a technical rating of 0 out of 10. TMF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 76% of all other stocks performed better in the past year than TMF.
- TMF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- TMF has an average volume of 6279690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TMF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TMF is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
TMF Weekly and Daily overview Charts
TMF Setup Rating and Analysis
Although the technical rating is bad, TMF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 35.26, a Stop Loss order could be placed below this zone.
More info and screens
TMF Support and Resistance Analysis
34.03
When analyzing the support we notice one important area.
- A support zone ranging from 34.37 to 35.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @40.12 from a trend line in the weekly time frame.
- A resistance zone ranging from 41.03 to 41.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
TMF Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for TMF is neutral. |
| ChartMill Relative Strength | 24.87 | NEGATIVE | TMF has a low relative strength, it was outperformed by 75.13% 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) | 47.88 | NEUTRAL | The RSI value for TMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TMF has a positive trend. |
| Stochastics (14,3) | 58.78 | NEUTRAL | The Stochastics value for TMF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for TMF suggests some volalility. |
| Average Directional Index/ADX (14) | 27.36 | POSITIVE | The high ADX value value for TMF suggests a strong trend. |
TMF Chart- and CandleStick Pattern Analysis
TMF Technicals: Chart, Performance Metrics, Trend & Indicators
36.67
+0.36 (+0.99%)
DIR DLY 20+YR TR BL3X ETF-UI / TMF TA FAQ
What is the ChartMill technical rating of DIR DLY 20+YR TR BL3X ETF-UI (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 DIR DLY 20+YR TR BL3X ETF-UI (TMF) is Bearish.
What is the RSI signal for TMF stock?
DIR DLY 20+YR TR BL3X ETF-UI (TMF) has an RSI value of 47.8779. This indicates that the stock is currently neutral.
What is the short term momentum for TMF stock?
The short term momentum for DIR DLY 20+YR TR BL3X ETF-UI (TMF) is neutral.