Technical Analysis for TBF - ProShares Short 20+ Year Treasury

Grade Last Price % Change Price Change
grade F 17.66 0.57% 0.10
TBF closed up 0.57 percent on Wednesday, February 26, 2020, on 2.07 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical TBF trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 0.57%
Expansion Breakdown Bearish Swing Setup 0.57%
Lower Bollinger Band Walk Weakness 0.57%
New 52 Week Low Weakness 0.57%
Below Lower BB Weakness 0.57%
Down 3 Days in a Row Weakness 0.57%

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Profile

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Barclays U.S. 20+ Year Treasury Bond Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index includes all publicly issued, U.S. Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in U.S. dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding. The fund is non-diversified.
Exchange Traded Funds Bond U.S. Treasury Barclays Proshare United States Treasury Security Limited E Fund Management (Hong Kong) Co.

Is TBF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 22.93
52 Week Low 17.49
Average Volume 884,173
200-Day Moving Average 19.48
50-Day Moving Average 18.84
20-Day Moving Average 18.25
10-Day Moving Average 18.07
Average True Range 0.19
ADX 29.99
+DI 15.26
-DI 46.03
Chandelier Exit (Long, 3 ATRs ) 18.11
Chandelier Exit (Short, 3 ATRs ) 18.07
Upper Bollinger Band 18.86
Lower Bollinger Band 17.63
Percent B (%b) 0.02
BandWidth 6.70
MACD Line -0.30
MACD Signal Line -0.24
MACD Histogram -0.0595
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.04
Resistance 3 (R3) 18.02 17.88 17.97
Resistance 2 (R2) 17.88 17.78 17.89 17.95
Resistance 1 (R1) 17.77 17.73 17.70 17.79 17.93
Pivot Point 17.63 17.63 17.60 17.64 17.63
Support 1 (S1) 17.52 17.53 17.45 17.54 17.39
Support 2 (S2) 17.38 17.48 17.39 17.37
Support 3 (S3) 17.27 17.38 17.35
Support 4 (S4) 17.29