Overall TWM gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TWM was also a bad performer in the overall market in the last year.
TWM has an average technical rating and it also does not offer a high 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
31.18
We found 1 important support area.
- A support zone ranging from 31.49 to 31.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @35.52 from a horizontal line in the weekly time frame.
- Resistance @37.60 from a horizontal 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 | UP | POSITIVE | The short term trend for TWM is up. |
| ChartMill Relative Strength | 34.38 | NEUTRAL | TWM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TWM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TWM is above the rising 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) | 55.41 | NEUTRAL | The RSI value for TWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests TWM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.55 | OVERBOUGHT | The high Stochastics value suggests TWM may be overbought. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TWM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.73 | NEUTRAL | The ADX value for TWM suggests a possible start of a new trend. |
35.51
-2.08 (-5.53%)
PROSHARES ULTRASHORT R2000 / TWM FAQ
What is the ChartMill technical rating of PROSHARES ULTRASHORT R2000 (TWM) stock?
ChartMill assigns a technical rating of 4 / 10 to TWM.
What is the current trend direction of PROSHARES ULTRASHORT R2000 (TWM) stock?
The current trend direction for PROSHARES ULTRASHORT R2000 (TWM) is Bearish.
What is the RSI signal for PROSHARES ULTRASHORT R2000 (TWM) stock?
PROSHARES ULTRASHORT R2000 (TWM) has an RSI value of 55.4062. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRASHORT R2000?
The short term momentum for PROSHARES ULTRASHORT R2000 (TWM) is positive.
What are the support and resistance levels for PROSHARES ULTRASHORT R2000 (TWM) stock?
PROSHARES ULTRASHORT R2000 (TWM) has a support level at 31.72 and a resistance level at 35.52. Check the full technical report for our detailed analysis of TWM support and resistance levels.