TBT ProShares UltraShort 20+ Year Treasury Forecast, Technical & Fundamental Analysis
TBT's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for TBT turned positive on September 19, 2023. Looking at past instances where TBT's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 07, 2023. You may want to consider a long position or call options on TBT as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TBT advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 203 cases where TBT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TBT moved out of overbought territory on September 22, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TBT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TBT broke above its upper Bollinger Band on September 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category BearMarket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GNDCX | 11.47 | 0.01 | +0.09% |
| Invesco Income Advantage Intl C | |||
| DBOYX | 21.63 | 0.02 | +0.09% |
| BNY Mellon Balanced Opportunity Y | |||
| UICGX | 11.29 | N/A | N/A |
| Victory Capital Growth Institutional | |||
| FFGGX | 33.24 | -0.04 | -0.12% |
| American Funds Global Balanced 529-F-2 | |||
| JORFX | 16.68 | -0.05 | -0.30% |
| Janus Henderson Global Select I | |||
TBT and
Correlation & Price change
A.I.dvisor indicates that over the last year, TBT has been closely correlated with TBF. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if TBT jumps, then TBF could also see price increases.