pool adsHow to Develop Investment Plans for Proshares Ultrapro Short S&p50 $SPXU
Investors in Proshares Ultrapro Short S&p50 (NASDAQ: SPXU) like to make good decisions, that means they like to buy and sell at the right times, and to do that the best tools involve charts, pivot points, and the technical data. Below, we have provided a snapshot for SPXU that reveals this information at the time of this article. The data can be used to improve the timing of buy and sell decisions. This 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 | -1.10 |
| P2 | 25.33 | 25.76 | 7.76 |
| P3 | 26.73 | 27.12 | 27.59 |
Support and Resistance Plot Chart for SPXU
Long Term Trading Plans for SPXU
March 2, 2021, 11:15 am ET
The Technical Summary and Trading Plans for SPXU 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 SPXU Report.
SPXU - (Long) Support Plan
The technical summary data tells us to buy SPXU near 7.76 with an upside target of 27.59. This data also tells us to set a stop loss @ 7.74 to protect against excessive loss in case the stock begins to move against the trade. 7.76 is the first level of support below 25.74 , and by rule, any test of support is a buy signal. In this case, support 7.76 is being tested, a buy signal would exist.
SPXU - (Short) Resistance Plan
The technical summary data is suggesting a short of SPXU as it gets near 27.59 with a downside target of 7.76. We should have a stop loss in place at 27.67though. 27.59 is the first level of resistance above 25.74, and by rule, any test of resistance is a short signal. In this case, if resistance 27.59 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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