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Changes to the Price of Proshares Ultrashort Real Esta $SRS Influence Investor Perception

Often, the action in a stock is based on investors perceptions, but it can be a circular event.  Not only is the price action representative of perception, but it can influence perception too.  In the case of Proshares Ultrashort Real Esta (NYSE: SRS) we can see this in the charts.  The data for SRS in the summary table and trading plans below are intended to provide an example of how to extrapolate this.  Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Technical Summary

Term →Near Mid Long
Rating Neutral Neutral Weak
P1 0 0 8.90
P2 11.08 11.14 9.91
P3 11.42 11.50 12.49
Triggers may have already come
Support and Resistance Plot Chart for SRS

Long Term Trading Plans for SRS

March 2, 2021, 12:30 pm ET

The Technical Summary and Trading Plans for SRS 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 SRS Report.

SRS - (Long) Support Plan

The technical summary data tells us to buy SRS near 9.91 with an upside target of 12.49. This data also tells us to set a stop loss @ 9.88 to protect against excessive loss in case the stock begins to move against the trade. 9.91 is the first level of support below 11.86 , and by rule, any test of support is a buy signal. In this case, support 9.91 is being tested, a buy signal would exist.

SRS - (Short) Resistance Plan

The technical summary data is suggesting a short of SRS as it gets near 12.49 with a downside target of 9.91. We should have a stop loss in place at 12.53though. 12.49 is the first level of resistance above 11.86, and by rule, any test of resistance is a short signal. In this case, if resistance 12.49 is being tested, a short signal would exist.


SRS Long Term Analysis for March 2 2021

Blue = Current Price
Red= Resistance
Green = Support

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SRS Dividend Chart for March 2 2021

SRS PE chart for March 2 2021

SRS PEG chart for March 2 2021