PROSHARES ULTRASHORT R2000 (TWM) Stock Technical Analysis
USA - NYSEARCA:TWM - US74347G1682 - ETF
35.04 USD
+1.98 (+5.99%)
35.45 USD
+0.41 (+1.17%)
Taking everything into account, TWM scores 0 out of 10 in our technical rating. TWM'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TWM is a bad performer in the overall market: 87% 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month TWM has a been trading in the 32.15 - 35.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of TWM is bad and it also does not present a quality setup 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
32.26
64.19
We found 1 important support area.
- A support zone ranging from 32.59 to 32.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 35.05 to 35.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 37.22 to 37.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @38.86 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for TWM is neutral. |
| ChartMill Relative Strength | 13.78 | NEGATIVE | TWM has a low relative strength, it was outperformed by 86.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TWM is above 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) | 53.24 | NEUTRAL | The RSI value for TWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests TWM has a positive trend. |
| Stochastics (14,3) | 48.4 | NEUTRAL | The Stochastics value for TWM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for TWM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.72 | POSITIVE | The high ADX value value for TWM suggests a strong 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)
35.04
+1.98 (+5.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.99%
1 Week6.63%
2 Weeks3.12%
1 Month-1.27%
3 Month-14.47%
6 Month-41.76%
12 Month-23.16%
2 Year-61.05%
3 Year-54.73%
5 Year-79.46%
10 Year-95.44%
15 Year-99.32%
Volatility
ATR(14)0.96
ATR(20)%2.87%
ATR Inc95.5%
Range Today2.49
ADR(20)0.94
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.78
Mansfield-2.8
10 Day High35.1
10 Day Low32.15
20 Day High35.74
20 Day Low32.15
52 Week High71.27
52 Week Low32.15
CS1 End32.85
CR1 Start35.05
Volume & EV
DER(3)0.53%
DER(5)2.28%
Volume1.07M
Volume Incr86.39%
Vol(5)460.32K
Vol(50)247.63K