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.
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.
34.03
We found 2 important support areas.
We can see 4 important resistance areas.
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. |
36.19
-0.67 (-1.82%)