PROSHARES ULTRASHORT R2000 (TWM) Stock Technical Analysis
NYSEARCA:TWM - NYSE Arca - US74347G1682 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to TWM. TWM 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.
When comparing the yearly performance of all stocks, TWM is a bad performer in the overall market: 92% of all stocks are doing better.
TWM 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.
TWM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, TWM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
39.54
64.19
When analyzing the support we notice one important area.
- Support @39.94 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 40.83 to 40.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.06 to 42.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @58.46 from a trend line in the weekly time frame.
- Resistance @63.55 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 TWM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TWM is down. |
| ChartMill Relative Strength | 8.07 | NEGATIVE | TWM has a low relative strength, it was outperformed by 91.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TWM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TWM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TWM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.34 | NEUTRAL | The RSI value for TWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TWM has a positive trend. |
| Stochastics (14,3) | 27.76 | NEUTRAL | The Stochastics value for TWM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for TWM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.86 | NEGATIVE | The low ADX value for TWM 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)
40.77
+0.65 (+1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.62%
1 Week-0.49%
2 Weeks0.77%
1 Month-11.83%
3 Month-30.73%
6 Month-4.59%
12 Month-16.88%
2 Year-34.29%
3 Year-48.06%
5 Year-78.88%
10 Year-94.24%
15 Year-99.36%
Volatility
ATR(14)1.26
ATR(20)%3.19%
ATR Inc-5.72%
Range Today1.21
ADR(20)1.22
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.07
Mansfield-2.03
10 Day High42.71
10 Day Low39.39
20 Day High47.5
20 Day Low39.39
52 Week High71.27
52 Week Low36.93
CS1 End39.94
CR1 Start40.83
Volume & EV
DER(3)-2.36%
DER(5)1.38%
Volume248.00K
Volume Incr17.44%
Vol(5)226.96K
Vol(50)205.13K