Index Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
ProShares UltraShort 20+ Year Treasury (GIF:TBT)
Weak Downtrend (-65) - TBT is showing signs of a strengthening downtrend. Monitor TBT as it may be building momentum to the downside.
Is it time to buy, sell, or avoid TBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for TBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TBT
The long-term trend has been DOWN since Mar 20th, 2019 at 34.500
The intermediate-term trend has been UP since Aug 11th, 2020 at 15.316
The short-term trend has been DOWN since Sep 14th, 2020 at 15.496
Smart Scan Analysis for TBT
Based on our trend formula, TBT is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).