Taking everything into account, TMF scores 0 out of 10 in our technical rating. 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.
TMF has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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34.63
3 important support areas can be observed.
- Support @37.83 from a trend 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 39.45 to 41.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.16 from a trend line in the weekly time frame.
- A resistance zone ranging from 43.15 to 43.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.15 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TMF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMF is down. |
| ChartMill Relative Strength | 22.48 | NEGATIVE | TMF has a low relative strength, it was outperformed by 77.52% 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) | 39.36 | NEUTRAL | The RSI value for TMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TMF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.17 | OVERSOLD | The low Stochastics value suggests TMF may be oversold. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for TMF suggests some volalility. |
| Average Directional Index/ADX (14) | 21.82 | NEUTRAL | The ADX value for TMF suggests a possible start of a new trend. |
38.88
-0.12 (-0.31%)
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 current trend direction of DRX DLY 20+ YR TREAS BULL 3X (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 39.3592. This indicates that the stock is currently neutral.
What is the short term momentum for DRX DLY 20+ YR TREAS BULL 3X (TMF) stock?
The short term momentum for DRX DLY 20+ YR TREAS BULL 3X (TMF) is negative.
What are the support and resistance levels for DRX DLY 20+ YR TREAS BULL 3X (TMF) stock?
DRX DLY 20+ YR TREAS BULL 3X (TMF) has a support level at 37.83 and a resistance level at 39.45. Check the full technical report for our detailed analysis of TMF support and resistance levels.