Trading (EETH) With Integrated Risk Controls
November 28, 2024, 15:36 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EETH
- Buy EETH near 59.98 target 73.88 stop loss @ 59.81 Details
The technical summary data tells us to buy EETH near 59.98 with an upside target of 73.88. This data also tells us to set a stop loss @ 59.81 to protect against excessive loss in case the stock begins to move against the trade. 59.98 is the first level of support below 72.79 , and by rule, any test of support is a buy signal. In this case, support 59.98 is being tested, a buy signal would exist.
- Short EETH slightly under 73.88, target 59.98, stop loss @ 74.09 Details
The technical summary data is suggesting a short of EETH as it gets near 73.88 with a downside target of 59.98. We should have a stop loss in place at 74.09though. 73.88 is the first level of resistance above 72.79, and by rule, any test of resistance is a short signal. In this case, if resistance 73.88 is being tested, a short signal would exist.
Swing Trading Plans for EETH
- Buy EETH slightly over 73.88, target n/a, Stop Loss @ 73.67 Details
If 73.88 begins to break higher, the technical summary data tells us to buy EETH just slightly over 73.88, with an upside target of n/a. The data also tells us to set a stop loss @ 73.67 in case the stock turns against the trade. 73.88 is the first level of resistance above 72.79, and by rule, any break above resistance is a buy signal. In this case, 73.88, 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 EETH slightly near 73.88, target 71.2, Stop Loss @ 74.09. Details
The technical summary data is suggesting a short of EETH if it tests 73.88 with a downside target of 71.2. We should have a stop loss in place at 74.09 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, 73.88, 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 EETH
- Buy EETH slightly over 73.88, target n/a, Stop Loss @ 73.71 Details
If 73.88 begins to break higher, the technical summary data tells us to buy EETH just slightly over 73.88, with an upside target of n/a. The data also tells us to set a stop loss @ 73.71 in case the stock turns against the trade. 73.88 is the first level of resistance above 72.79, and by rule, any break above resistance is a buy signal. In this case, 73.88, 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 EETH slightly near 73.88, target 72.13, Stop Loss @ 74.05. Details
The technical summary data is suggesting a short of EETH if it tests 73.88 with a downside target of 72.13. We should have a stop loss in place at 74.05 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, 73.88, 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 Ether Strategy Etf (EETH) available here: EETH.
EETH Ratings for November 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
47.52 |
| P2 |
68.52 |
65.79 |
59.98 |
| P3 |
72.13 |
71.2 |
73.88 |
AI Generated Signals for EETH
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for EETH:
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