Proshares Ultra Silver AGQ Investment Analysis

Source: Stock Traders Daily

Longer Term Trading Plans for AGQ
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short AGQ under 25.48, target n/a, stop loss @ 25.55 Details
  • The technical summary data is suggesting a short of AGQ as it gets near 25.48, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 25.55. 25.48 is the first level of resistance above 23.5, and by rule, any test of resistance is a short signal. In this case, if resistance 25.48 is being tested, so a short signal would exist.

Swing Trading Plans for AGQ
  • Buy AGQ over 24.78, target 25.48, Stop Loss @ 24.71 Details
  • If 24.78 begins to break higher, the technical summary data tells us to buy AGQ just over 24.78, with an upside target of 25.48. The data also tells us to set a stop loss @ 24.71 in case the stock turns against the trade. 24.78 is the first level of resistance above 23.5, and by rule, any break above resistance is a buy signal. In this case, 24.78, 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 AGQ near 24.78, target n/a, Stop Loss @ 24.85. Details
  • The technical summary data is suggesting a short of AGQ if it tests 24.78 with a downside target of n/a. We should have a stop loss in place at 24.85 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, 24.78, 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.

Day Trading Plans for AGQ
  • Buy AGQ over 24.55, target 24.78, Stop Loss @ 24.49 Details
  • If 24.55 begins to break higher, the technical summary data tells us to buy AGQ just over 24.55, with an upside target of 24.78. The data also tells us to set a stop loss @ 24.49 in case the stock turns against the trade. 24.55 is the first level of resistance above 23.5, and by rule, any break above resistance is a buy signal. In this case, 24.55, 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 AGQ near 24.55, target n/a, Stop Loss @ 24.61. Details
  • The technical summary data is suggesting a short of AGQ if it tests 24.55 with a downside target of n/a. We should have a stop loss in place at 24.61 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, 24.55, 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.

AGQ Ratings for July 03:

Term →Near Mid Long
Rating Weak Weak Weak
P1 0 0 25.48
P2 24.55 24.78 31.05
P3 25.47 26.31 37.06

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AGQ Long Term Analysis for July 3 2022


AGQ Swing Trading Analysis for July 3 2022


AGQ Day Trading Analysis for July 3 2022

With an objective approach to Proshares Ultra Silver (NYSE: AGQ), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AGQ 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 AGQ 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.

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