Technical Analysis for TBT - ProShares UltraShort Lehman 20 Year Treasury

Grade Last Price % Change Price Change
grade D 15.72 -2.24% -0.36
TBT closed down 2.24 percent on Wednesday, April 1, 2020, on 35 percent of normal volume. 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 TBT trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -2.24%
NR7 Range Contraction -2.24%
Wide Bands Range Expansion -2.24%
Oversold Stochastic Weakness -2.24%
Stochastic Reached Oversold Weakness -2.18%
Wide Bands Range Expansion -2.18%
Oversold Stochastic Weakness -2.18%
MACD Bearish Signal Line Cross Bearish 0.06%

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

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 34.49
52 Week Low 14.51
Average Volume 3,736,008
200-Day Moving Average 24.69
50-Day Moving Average 20.53
20-Day Moving Average 17.30
10-Day Moving Average 16.70
Average True Range 1.23
ADX 33.99
+DI 16.20
-DI 32.89
Chandelier Exit (Long, 3 ATRs ) 17.45
Chandelier Exit (Short, 3 ATRs ) 18.19
Upper Bollinger Band 19.89
Lower Bollinger Band 14.71
Percent B (%b) 0.19
BandWidth 29.93
MACD Line -1.33
MACD Signal Line -1.31
MACD Histogram -0.0178
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.53
Resistance 3 (R3) 16.50 16.21 16.40
Resistance 2 (R2) 16.21 16.00 16.22 16.35
Resistance 1 (R1) 15.96 15.87 16.09 15.99 16.30
Pivot Point 15.67 15.67 15.73 15.68 15.67
Support 1 (S1) 15.42 15.46 15.55 15.45 15.14
Support 2 (S2) 15.13 15.33 15.14 15.09
Support 3 (S3) 14.88 15.13 15.05
Support 4 (S4) 14.91