Technical Analysis for TBT - ProShares UltraShort Lehman 20 Year Treasury

Grade Last Price % Change Price Change
A 38.35 1.46% 0.55
TBT closed up 1.64 percent on Wednesday, April 24, 2024, on 66 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 1.46%
Gapped Up Strength 1.46%
Overbought Stochastic Strength 1.46%
Up 3 Days in a Row Strength 1.46%
Golden Cross Bullish 3.12%
Outside Day Range Expansion 3.12%
Gapped Up Strength 3.12%
NR7 Range Contraction 3.20%
NR7-2 Range Contraction 3.20%
Narrow Range Bar Range Contraction 3.20%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 1 hour ago
Gapped Up (Full) about 2 hours ago
Rose Above Previous Day's High about 2 hours ago
Up 2% about 2 hours ago
Up 1% about 2 hours ago

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Profile

The investment seeks daily investment results that correspond to two times the inverse (-2x) 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 two times the inverse (-2x) 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.
Classification

Keywords: Exchange Traded Fund ETF Bond U.S. Treasury Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF United States Treasury Security Silver Exchange Traded Product Proshares Barclays

Is TBT 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 43.7222
52 Week Low 26.5423
Average Volume 785,155
200-Day Moving Average 34.30
50-Day Moving Average 34.37
20-Day Moving Average 35.76
10-Day Moving Average 37.07
Average True Range 0.77
RSI (14) 67.53
ADX 24.33
+DI 39.94
-DI 20.83
Chandelier Exit (Long, 3 ATRs) 35.81
Chandelier Exit (Short, 3 ATRs) 35.01
Upper Bollinger Bands 38.76
Lower Bollinger Band 32.76
Percent B (%b) 0.84
BandWidth 16.79
MACD Line 1.02
MACD Signal Line 0.90
MACD Histogram 0.1183
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.60
Resistance 3 (R3) 38.60 38.34 38.47
Resistance 2 (R2) 38.34 38.13 38.34 38.42
Resistance 1 (R1) 38.07 38.01 38.20 38.07 38.38
Pivot Point 37.80 37.80 37.87 37.80 37.80
Support 1 (S1) 37.53 37.60 37.67 37.53 37.22
Support 2 (S2) 37.27 37.47 37.27 37.18
Support 3 (S3) 37.00 37.27 37.13
Support 4 (S4) 37.00