PROSHARES ULTRASHORT R2000 (TWM) Stock Technical Analysis
NYSEARCA:TWM - NYSE Arca - US74347G1682 - ETF - Currency: USD
Taking everything into account, TWM scores 1 out of 10 in our technical rating. TWM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, TWM turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
TWM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TWM is lagging the market slightly.
TWM 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.
More info and screens
45.00
64.19
2 important support areas can be observed.
- A support zone ranging from 46.24 to 46.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.45 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 49.31 to 50.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.50 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 | NEUTRAL | NEUTRAL | The long term trend for TWM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TWM is down. |
| ChartMill Relative Strength | 45.15 | NEUTRAL | TWM is not amongst the best or worst performers 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 | MIXED | The current price of TWM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.03 | NEUTRAL | The RSI value for TWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.35 | NEUTRAL | The Stochastics value for TWM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for TWM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.57 | NEUTRAL | The ADX value for TWM 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)
49.3
-0.07 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.14%
1 Week4.92%
2 Weeks-2.14%
1 Month-8.94%
3 Month7.24%
6 Month26.54%
12 Month-11.01%
2 Year-40.06%
3 Year-41.1%
5 Year-78.77%
10 Year-93.07%
15 Year-99.24%
Volatility
ATR(14)1.65
ATR(20)%3.67%
ATR Inc20.75%
Range Today1.3
ADR(20)1.49
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.15
Mansfield-0.17
10 Day High51.08
10 Day Low46.2
20 Day High56.01
20 Day Low46.2
52 Week High71.27
52 Week Low36.93
CS1 End46.88
CR1 Start49.31
Volume & EV
DER(3)4.21%
DER(5)-0.34%
Volume238.40K
Volume Incr-2.04%
Vol(5)205.08K
Vol(50)280.52K