Technical Analysis for TBT - ProShares UltraShort Lehman 20 Year Treasury

Grade Last Price % Change Price Change
D 35.23 1.24% 0.43
TBT closed up 1.24 percent on Friday, May 17, 2024, on 71 percent of normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Resistance Bearish 1.24%
Lower Bollinger Band Walk Weakness 1.24%
Gapped Down Weakness 1.24%
Lower Bollinger Band Touch Weakness 1.24%
Oversold Stochastic Weakness 1.24%

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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 27.7776
Average Volume 655,394
200-Day Moving Average 34.87
50-Day Moving Average 35.37
20-Day Moving Average 36.53
10-Day Moving Average 35.64
Average True Range 0.69
RSI (14) 44.13
ADX 15.95
+DI 26.22
-DI 35.64
Chandelier Exit (Long, 3 ATRs) 36.61
Chandelier Exit (Short, 3 ATRs) 36.55
Upper Bollinger Bands 38.61
Lower Bollinger Band 34.46
Percent B (%b) 0.19
BandWidth 11.38
MACD Line -0.18
MACD Signal Line 0.13
MACD Histogram -0.3061
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 35.73
Resistance 3 (R3) 35.69 35.50 35.64
Resistance 2 (R2) 35.50 35.37 35.51 35.61
Resistance 1 (R1) 35.36 35.29 35.43 35.40 35.59
Pivot Point 35.17 35.17 35.20 35.18 35.17
Support 1 (S1) 35.03 35.04 35.10 35.07 34.87
Support 2 (S2) 34.84 34.96 34.85 34.85
Support 3 (S3) 34.70 34.84 34.82
Support 4 (S4) 34.74