Proshares Ultrashort S&p500 $SDS Technical Update

The Proshares Ultrashort S&p500 (NYSE: SDS) 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 SDS, 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 Neutral Neutral
P1 33.89 31.67 30.81
P2 35.77 33.16 33.64
P3 37.57 35.22 37.00

Long Term Trading Plans for SDS

October 12, 2018, 3:30 am ET

The Technical Summary and Trading Plans for SDS 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 SDS Report.

SDS - (Long) Support Plan

Buy over 33.64 target 37.00 stop loss @ 33.38.
The technical summary data tells us to buy SDS near 33.64 with an upside target of 37.00. This data also tells us to set a stop loss @ 33.38 to protect against excessive loss in case the stock begins to move against the trade. 33.64 is the first level of support below 36.5 , and by rule, any test of support is a buy signal. In this case, support 33.64 is being tested, a buy signal would exist.

SDS - (Short) Resistance Plan

Short under 37.00 target 33.64 stop loss @ 37.26
The technical summary data is suggesting a short of SDS as it gets near 37.00 with a downside target of 33.64. We should have a stop loss in place at 37.26 though. 37.00 is the first level of resistance above 36.5, and by rule, any test of resistance is a short signal. In this case, if resistance 37.00 is being tested, a short signal would exist.

SDS Long Term Analysis

SDS Dividend Chart

SDS Growth rate - Yearly

SDS PE chart

SDS PEG chart