Learn to Evaluate (UBT) using the Charts
January 05, 2024, 17:14 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UBT
- Buy UBT slightly over 20.93 target n/a stop loss @ 20.87. Details
The technical summary data tells us to buy UBT near 20.93, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 20.87 to protect against excessive loss in case the stock begins to move against the trade. 20.93 is the first level of support below 21.2505, and by rule, any test of support is a buy signal. In this case, if support 20.93 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for UBT
- Buy UBT slightly over 21.78, target 22.53, Stop Loss @ 21.72 Details
If 21.78 begins to break higher, the technical summary data tells us to buy UBT just slightly over 21.78, with an upside target of 22.53. The data also tells us to set a stop loss @ 21.72 in case the stock turns against the trade. 21.78 is the first level of resistance above 21.2505, and by rule, any break above resistance is a buy signal. In this case, 21.78, 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 UBT slightly near 21.78, target 20.93, Stop Loss @ 21.84. Details
The technical summary data is suggesting a short of UBT if it tests 21.78 with a downside target of 20.93. We should have a stop loss in place at 21.84 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, 21.78, 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 UBT
- Buy UBT slightly over 21.4, target 21.78, Stop Loss @ 21.35 Details
If 21.4 begins to break higher, the technical summary data tells us to buy UBT just slightly over 21.4, with an upside target of 21.78. The data also tells us to set a stop loss @ 21.35 in case the stock turns against the trade. 21.4 is the first level of resistance above 21.2505, and by rule, any break above resistance is a buy signal. In this case, 21.4, 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 UBT slightly near 21.4, target 20.93, Stop Loss @ 21.45. Details
The technical summary data is suggesting a short of UBT if it tests 21.4 with a downside target of 20.93. We should have a stop loss in place at 21.45 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, 21.4, 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 Ultra 20+ Year Treasury 2x Shares (UBT) available here: UBT.
UBT Ratings for January 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
16.18 |
| P2 |
21.4 |
21.78 |
18.61 |
| P3 |
21.76 |
22.53 |
20.93 |
AI Generated Signals for UBT
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 Ultra 20+ Year Treasury 2x Shares (NYSE: UBT) report below can help you understand how to do this. The trading plans for UBT, 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 UBT:
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