Proshares Ultra Midcap400 (MVV) Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for MVV
  • Buy MVV over 65.86 target 72.25 stop loss @ 65.67 Details
  • The technical summary data tells us to buy MVV near 65.86 with an upside target of 72.25. This data also tells us to set a stop loss @ 65.67 to protect against excessive loss in case the stock begins to move against the trade. 65.86 is the first level of support below 68.65 , and by rule, any test of support is a buy signal. In this case, support 65.86 would be being tested, so a buy signal would exist.

  • Short MVV under 72.25, target 65.86, stop loss @ 72.46 Details
  • The technical summary data is suggesting a short of MVV as it gets near 72.25 with a downside target of 65.86. We should have a stop loss in place at 72.46though. 72.25 is the first level of resistance above 68.65, and by rule, any test of resistance is a short signal. In this case, if resistance 72.25 is being tested, so a short signal would exist.

Swing Trading Plans for MVV
  • Buy MVV over 68.66, target 71.12, Stop Loss @ 68.46 Details
  • If 68.66 begins to break higher, the technical summary data tells us to buy MVV just over 68.66, with an upside target of 71.12. The data also tells us to set a stop loss @ 68.46 in case the stock turns against the trade. 68.66 is the first level of resistance above 68.65, and by rule, any break above resistance is a buy signal. In this case, 68.66, 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 MVV near 68.66, target 65.86, Stop Loss @ 68.86. Details
  • The technical summary data is suggesting a short of MVV if it tests 68.66 with a downside target of 65.86. We should have a stop loss in place at 68.86 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, 68.66, 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 MVV
  • Buy MVV over 68.66, target 70.72, Stop Loss @ 68.5 Details
  • If 68.66 begins to break higher, the technical summary data tells us to buy MVV just over 68.66, with an upside target of 70.72. The data also tells us to set a stop loss @ 68.5 in case the stock turns against the trade. 68.66 is the first level of resistance above 68.65, and by rule, any break above resistance is a buy signal. In this case, 68.66, 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 MVV near 68.66, target 68.44, Stop Loss @ 68.82. Details
  • The technical summary data is suggesting a short of MVV if it tests 68.66 with a downside target of 68.44. We should have a stop loss in place at 68.82 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, 68.66, 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.

MVV Ratings for November 01:

Term →Near Mid Long
Rating Strong Neutral Strong
P1 0 0 65.86
P2 68.44 68.66 72.25
P3 70.72 71.12 79.08

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MVV Long Term Analysis for November 1 2021


MVV Swing Trading Analysis for November 1 2021


MVV Day Trading Analysis for November 1 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Proshares Ultra Midcap400 (NYSE: MVV) while incorporating prudent risk controls. 

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MVV 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.

Evitar Corte monitors the FOMC for Market Crash signals:
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