DRX DLY 20+ YR TREAS BEAR 3X (TMV) Stock Technical Analysis
USA - NYSEARCA:TMV - US25460G8490 - ETF
We assign a technical rating of 1 out of 10 to TMV. TMV 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, TMV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 34.57, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.58
We found 2 important support areas.
- A support zone ranging from 34.18 to 34.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.90 to 33.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 34.73 to 35.03. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 35.95 to 36.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.36 from a trend line in the daily time frame.
- Resistance @39.85 from a horizontal line in the daily time frame.
- Resistance @41.01 from a horizontal line in the daily time frame.
- Resistance @42.60 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TMV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TMV is neutral. |
| ChartMill Relative Strength | 24.28 | NEGATIVE | TMV has a low relative strength, it was outperformed by 75.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TMV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TMV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.68 | NEUTRAL | The RSI value for TMV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests TMV has a positive trend. |
| Stochastics (14,3) | 69.7 | NEUTRAL | The Stochastics value for TMV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for TMV suggests low volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for TMV suggests a weak or negative trend. |
34.72
+0.81 (+2.39%)
DRX DLY 20+ YR TREAS BEAR 3X / TMV FAQ
Can you provide the ChartMill technical rating for DRX DLY 20+ YR TREAS BEAR 3X?
ChartMill assigns a technical rating of 1 / 10 to TMV.
Can you provide the trend direction for DRX DLY 20+ YR TREAS BEAR 3X?
The current trend direction for DRX DLY 20+ YR TREAS BEAR 3X (TMV) is Bearish.
Can you provide the RSI signal for DRX DLY 20+ YR TREAS BEAR 3X?
DRX DLY 20+ YR TREAS BEAR 3X (TMV) has an RSI value of 55.6752. This indicates that the stock is currently neutral.
What is the short term momentum for DRX DLY 20+ YR TREAS BEAR 3X (TMV) stock?
The short term momentum for DRX DLY 20+ YR TREAS BEAR 3X (TMV) is neutral.
What are the support and resistance levels for DRX DLY 20+ YR TREAS BEAR 3X (TMV) stock?
DRX DLY 20+ YR TREAS BEAR 3X (TMV) has a support level at 34.57 and a resistance level at 34.73. Check the full technical report for our detailed analysis of TMV support and resistance levels.