PROSHARES ULTRASHORT 20+Y TR (TBT)
US74347B2016 - ETF
Taking everything into account, TBT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TBT is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month TBT has a been trading in the 32.97 - 35.57 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TBT outperforms 46% of them, which is more or less in line with the market.
TBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBT is lagging the market.
Volume is considerably higher in the last couple of days.
TBT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 34.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TBT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
28.69
35.49
We found 4 important support areas.
- Support @34.93 from a horizontal line in the daily time frame.
- A support zone ranging from 34.03 to 34.28. 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 32.69 to 33.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.98 to 29.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @35.14 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.43
Mansfield-0.55
10 Day High35.57
10 Day Low33.07
20 Day High35.57
20 Day Low32.97
52 Week High38.68
52 Week Low28
Performance
1 Week5.4%
2 Weeks1.53%
1 Month8.13%
3 Month15.29%
6 Month-0.28%
12 Month-6.07%
2 Year12.74%
3 Year115.52%
5 Year40.18%
10 Year-29.46%
15 Year-80.17%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)61.64
LBB32.8
UBB35.57
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.15 | 34.92 | 0.23 (0.65%) | 25.00% |
| An entry @35.15. This is a Buy Stop order right above the resistance zone. | An exit @34.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 0.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.16%. |
- The distance between exit and entry is rather small compared to the average daily movement of TBT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PROSHARES ULTRASHORT 20+Y TR
NYSEARCA:TBT (11/15/2024, 8:04:00 PM)
After market: 35.73 +0.6 (+1.71%)35.13
+0.22 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.63%
1 Week5.4%
2 Weeks1.53%
1 Month8.13%
3 Month15.29%
6 Month-0.28%
12 Month-6.07%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.09
ATR(20)%2.78%
ATR Inc
Range Today0.86
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.57
10 Day Low33.07
20 Day High35.57
20 Day Low32.97
52 Week High38.68
52 Week Low28
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.46M
Volume Incr101.8%
Vol(5)1.21M
Vol(50)671.97K