pool adsProshares Ultrashort Yen $YCS Technical Update
The Proshares Ultrashort Yen (NYSE: YCS) 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 YCS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 78.09 | 76.49 | 76.32 |
| P2 | 78.75 | 78.55 | 78.88 |
| P3 | 79.12 | 80.60 | 81.38 |
Support and Resistance Plot Chart for YCS
Long Term Trading Plans for YCS
November 17, 2018, 8:45 pm ET
The Technical Summary and Trading Plans for YCS 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 YCS Report.
YCS - (Long) Support Plan
Buy over 76.32 target 78.88 stop loss @ 76.06.
The technical summary data tells us to buy YCS near 76.32 with an upside target of 78.88. This data also tells us to set a stop loss @ 76.06 to protect against excessive loss in case the stock begins to move against the trade. 76.32 is the first level of support below 77.5534 , and by rule, any test of support is a buy signal. In this case, support 76.32 would be being tested, so a buy signal would exist.
YCS - (Short) Resistance Plan
Short under 78.88 target 76.32 stop loss @ 79.14.
The technical summary data is suggesting a short of YCS as it gets near 78.88 with a downside target of 76.32. We should have a stop loss in place at 79.14 though. 78.88 is the first level of resistance above 77.5534, and by rule, any test of resistance is a short signal. In this case, if resistance 78.88 is being tested, so a short signal would exist.
