Proshares Ultra Dow30 $DDM Technical Update

The Proshares Ultra Dow30 (NYSE: DDM) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for DDM, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Strong Weak Neutral
P1 45.68 40.76 42.84
P2 47.41 45.67 47.46
P3 48.50 50.10 51.70

Long Term Trading Plans for DDM

November 9, 2018, 1:45 pm ET

The Technical Summary and Trading Plans for DDM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DDM Report.

DDM - (Long) Support Plan

Buy over 47.46 target 51.70 stop loss @ 47.2.
The technical summary data tells us to buy DDM near 47.46 with an upside target of 51.70. This data also tells us to set a stop loss @ 47.2 to protect against excessive loss in case the stock begins to move against the trade. 47.46 is the first level of support below 47.65 , and by rule, any test of support is a buy signal. In this case, support 47.46 is being tested, a buy signal would exist.

DDM - (Short) Resistance Plan

Short under 51.70 target 47.46 stop loss @ 51.96
The technical summary data is suggesting a short of DDM as it gets near 51.70 with a downside target of 47.46. We should have a stop loss in place at 51.96 though. 51.70 is the first level of resistance above 47.65, and by rule, any test of resistance is a short signal. In this case, if resistance 51.70 is being tested, a short signal would exist.

DDM Long Term Analysis

DDM Dividend Chart

DDM PE chart

DDM PEG chart