DRX DLY 20+ YR TREAS BEAR 3X (TMV) Stock Technical Analysis
NYSEARCA:TMV - NYSE Arca - US25460G8490 - ETF - Currency: USD
Overall TMV gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TMV is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
TMV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TMV is performing more or less in line with the market.
TMV has an average volume of 1340390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TMV is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month TMV has a been trading in the 37.22 - 44.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TMV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 39.00, a Stop Loss order could be placed below this zone.
More info and screens
31.11
43.62
5 important support areas can be observed.
- A support zone ranging from 38.02 to 39.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.14 from a horizontal line in the daily time frame.
- A support zone ranging from 33.79 to 34.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.13 from a horizontal line in the daily time frame.
- A support zone ranging from 31.42 to 31.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.61 to 43.19. 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 | UP | POSITIVE | The long term trend for TMV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMV is up. |
| ChartMill Relative Strength | 82.67 | POSITIVE | TMV has a high relative strength, it outperformed 82.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TMV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for TMV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TMV has a negative trend. |
| Stochastics (14,3) | 35.66 | NEUTRAL | The Stochastics value for TMV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for TMV suggests some volalility. |
| Average Directional Index/ADX (14) | 22.19 | NEUTRAL | The ADX value for TMV suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.18 | 39.01 | 2.17 (5.26%) | 19.01% |
| An entry @41.18. This is a Buy Stop order right above the 10 day moving average. | An exit @39.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 5.26%. | For a 1.00% total portfolio risk, you can invest 19.01% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
40.13
-0.02 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week-5.84%
2 Weeks0.1%
1 Month9.58%
3 Month19.4%
6 Month23.06%
12 Month5.19%
2 Year37.49%
3 Year61.02%
5 Year203.5%
10 Year-47.98%
15 Year-67.38%
Volatility
ATR(14)1.4
ATR(20)%3.27%
ATR Inc-23.12%
Range Today0.78
ADR(20)1.03
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.67
Mansfield1.05
10 Day High44.3
10 Day Low39.02
20 Day High44.3
20 Day Low37.22
52 Week High44.3
52 Week Low26.16
CS1 End39
CR1 Start42.61
Volume & EV
DER(3)-1.15%
DER(5)-0.76%
Volume1.00M
Volume Incr9.33%
Vol(5)1.11M
Vol(50)1.34M