Learn to Evaluate (SH) using the Charts
July 29, 2024, 08:18 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SH
- Buy SH slightly over 11.27 target 11.78 stop loss @ 11.24 Details
The technical summary data tells us to buy SH near 11.27 with an upside target of 11.78. This data also tells us to set a stop loss @ 11.24 to protect against excessive loss in case the stock begins to move against the trade. 11.27 is the first level of support below 11.43 , and by rule, any test of support is a buy signal. In this case, support 11.27 is being tested, a buy signal would exist.
- Short SH slightly under 11.78, target 11.27, stop loss @ 11.81 Details
The technical summary data is suggesting a short of SH as it gets near 11.78 with a downside target of 11.27. We should have a stop loss in place at 11.81though. 11.78 is the first level of resistance above 11.43, and by rule, any test of resistance is a short signal. In this case, if resistance 11.78 is being tested, a short signal would exist.
Swing Trading Plans for SH
- Buy SH slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy SH just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 11.43, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 SH slightly near n/a, target 11.27, Stop Loss @ 0. Details
The technical summary data is suggesting a short of SH if it tests n/a with a downside target of 11.27. We should have a stop loss in place at 0 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, n/a, 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 SH
- Buy SH slightly over 11.78, target n/a, Stop Loss @ 11.75 Details
If 11.78 begins to break higher, the technical summary data tells us to buy SH just slightly over 11.78, with an upside target of n/a. The data also tells us to set a stop loss @ 11.75 in case the stock turns against the trade. 11.78 is the first level of resistance above 11.43, and by rule, any break above resistance is a buy signal. In this case, 11.78, 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 SH slightly near 11.78, target 11.27, Stop Loss @ 11.81. Details
The technical summary data is suggesting a short of SH if it tests 11.78 with a downside target of 11.27. We should have a stop loss in place at 11.81 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, 11.78, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Proshares Short S&p500 -1x Shares (SH) available here: SH.
SH Ratings for July 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
10.82 |
| P2 |
11.63 |
11.59 |
11.27 |
| P3 |
0 |
|
11.78 |
AI Generated Signals for SH
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Proshares Short S&p500 -1x Shares (NYSE: SH) report below can help you understand how to do this. The trading plans for SH, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SH:
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