DRX DLY 20+ YR TREAS BULL 3X (TMF) Stock Technical Analysis
NYSEARCA:TMF - NYSE Arca - US25460G1388 - ETF - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
93% of all other stocks performed better in the past year than TMF.
TMF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
TMF has an average volume of 9343900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TMF has a been trading in the 34.24 - 39.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TMF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.86. Right above this resistance zone may be a good entry point.
More info and screens
34.03
43.82
We found 2 important support areas.
- Support @34.98 from a horizontal line in the weekly time frame.
- A support zone ranging from 34.37 to 34.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 36.86 to 37.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.08 to 38.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @39.48 from a horizontal line in the daily time frame.
- A resistance zone ranging from 43.34 to 43.39. 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 | 7.88 | NEGATIVE | TMF has a low relative strength, it was outperformed by 92.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMF is below 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) | 45.87 | NEUTRAL | The RSI value for TMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TMF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.34 | NEUTRAL | The Stochastics value for TMF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for TMF suggests some volalility. |
| Average Directional Index/ADX (14) | 15.6 | NEGATIVE | The low ADX value for TMF 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)
36.19
-0.67 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.82%
1 Week-0.58%
2 Weeks0.33%
1 Month-5.06%
3 Month-8.47%
6 Month-9.3%
12 Month-39.08%
2 Year-49.17%
3 Year-72.79%
5 Year-92.13%
10 Year-81.4%
15 Year-66.83%
Volatility
ATR(14)1.03
ATR(20)%2.93%
ATR Inc-23.51%
Range Today0.48
ADR(20)0.81
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.88
Mansfield-2.58
10 Day High37.35
10 Day Low34.24
20 Day High39.75
20 Day Low34.24
52 Week High64.98
52 Week Low33.51
CS1 End34.98
CR1 Start36.86
Volume & EV
DER(3)0.32%
DER(5)0.51%
Volume5.83M
Volume Incr-36.22%
Vol(5)5.87M
Vol(50)9.34M