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Proshares Ultrashort Gold $GLL Technical Update

The Proshares Ultrashort Gold (NYSE: GLL) 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 GLL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Rating Strong Weak Neutral
P1 52.96 48.76 52.08
P2 53.69 53.30 60.88
P3 54.52 57.74 69.44
Triggers may have already come
Support and Resistance Plot Chart for GLL

Long Term Trading Plans for GLL

August 21, 2019, 12:45 pm ET

The Technical Summary and Trading Plans for GLL 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 GLL Report.

GLL - (Long) Support Plan

The technical summary data tells us to buy GLL near 52.08 with an upside target of 60.88. This data also tells us to set a stop loss @ 51.82 to protect against excessive loss in case the stock begins to move against the trade. 52.08 is the first level of support below 53.87 , and by rule, any test of support is a buy signal. In this case, support 52.08 would be being tested, so a buy signal would exist.

GLL - (Short) Resistance Plan

The technical summary data is suggesting a short of GLL as it gets near 60.88 with a downside target of 52.08. We should have a stop loss in place at 61.14 though. 60.88 is the first level of resistance above 53.87, and by rule, any test of resistance is a short signal. In this case, if resistance 60.88 is being tested, so a short signal would exist.


GLL Long Term Analysis


GLL Dividend Chart

GLL PE chart

GLL PEG chart