Proshares Short Financials SEF Trading Report

October 18, 2022, 09:00 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Proshares Short Financials (NYSE: SEF) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SEF change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SEF is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SEF too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for SEF

• Buy SEF slightly over 13.56 target 14.43 stop loss @ 13.52 Details

The technical summary data tells us to buy SEF near 13.56 with an upside target of 14.43. This data also tells us to set a stop loss @ 13.52 to protect against excessive loss in case the stock begins to move against the trade. 13.56 is the first level of support below 14.04 , and by rule, any test of support is a buy signal. In this case, support 13.56 is being tested, a buy signal would exist.

• Short SEF slightly under 14.43, target 13.56, stop loss @ 14.47 Details

The technical summary data is suggesting a short of SEF as it gets near 14.43 with a downside target of 13.56. We should have a stop loss in place at 14.47though. 14.43 is the first level of resistance above 14.04, and by rule, any test of resistance is a short signal. In this case, if resistance 14.43 is being tested, a short signal would exist.

Swing Trading Plans for SEF

• Buy SEF slightly over 14.62, target n/a, Stop Loss @ 14.58 Details

If 14.62 begins to break higher, the technical summary data tells us to buy SEF just slightly over 14.62, with an upside target of n/a. The data also tells us to set a stop loss @ 14.58 in case the stock turns against the trade. 14.62 is the first level of resistance above 14.04, and by rule, any break above resistance is a buy signal. In this case, 14.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SEF slightly near 14.62, target 14.03, Stop Loss @ 14.66. Details

The technical summary data is suggesting a short of SEF if it tests 14.62 with a downside target of 14.03. We should have a stop loss in place at 14.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SEF

• Buy SEF slightly over 14.62, target n/a, Stop Loss @ 14.59 Details

If 14.62 begins to break higher, the technical summary data tells us to buy SEF just slightly over 14.62, with an upside target of n/a. The data also tells us to set a stop loss @ 14.59 in case the stock turns against the trade. 14.62 is the first level of resistance above 14.04, and by rule, any break above resistance is a buy signal. In this case, 14.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SEF slightly near 14.62, target 14.03, Stop Loss @ 14.65. Details

The technical summary data is suggesting a short of SEF if it tests 14.62 with a downside target of 14.03. We should have a stop loss in place at 14.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

SEF Ratings for October 18:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	12.77
P2	14.01	14.03	13.56
P3	14.41	14.62	14.43

Support and Resistance Plot Chart for SEF

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