Proshares Short S&p500 $SH Trading Report

The Proshares Short S&p500 (NYSE: SH) 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 SH, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Weak
P1 0 0 24.48
P2 24.87 24.70 25.58
P3 25.24 25.07 26.95

Long Term Trading Plans for SH

December 9, 2019, 8:15 am ET

The Technical Summary and Trading Plans for SH 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 SH Report.

SH - (Long) Support Plan

The technical summary data tells us to buy SH near 24.48 with an upside target of 25.58. This data also tells us to set a stop loss @ 24.22 to protect against excessive loss in case the stock begins to move against the trade. 24.48 is the first level of support below 24.73 , and by rule, any test of support is a buy signal. In this case, support 24.48 would be being tested, so a buy signal would exist.

SH - (Short) Resistance Plan

The technical summary data is suggesting a short of SH as it gets near 25.58 with a downside target of 24.48. We should have a stop loss in place at 25.84 though. 25.58 is the first level of resistance above 24.73, and by rule, any test of resistance is a short signal. In this case, if resistance 25.58 is being tested, so a short signal would exist.

SH Long Term Analysis

SH Dividend Chart

SH PE chart

SH PEG chart