(DUG) Pivots Trading Plans and Risk Controls

November 09, 2024, 17:50 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DUG

• Buy DUG near 32.09 target 36.54 stop loss @ 32 Details

The technical summary data tells us to buy DUG near 32.09 with an upside target of 36.54. This data also tells us to set a stop loss @ 32 to protect against excessive loss in case the stock begins to move against the trade. 32.09 is the first level of support below 35.26 , and by rule, any test of support is a buy signal. In this case, support 32.09 would be being tested, so a buy signal would exist.

• Short DUG slightly under 36.54, target 32.09, stop loss @ 36.65 Details

The technical summary data is suggesting a short of DUG as it gets near 36.54 with a downside target of 32.09. We should have a stop loss in place at 36.65though. 36.54 is the first level of resistance above 35.26, and by rule, any test of resistance is a short signal. In this case, if resistance 36.54 is being tested, so a short signal would exist.

Swing Trading Plans for DUG

• Buy DUG slightly over 35.82, target 36.54, Stop Loss @ 35.72 Details

If 35.82 begins to break higher, the technical summary data tells us to buy DUG just slightly over 35.82, with an upside target of 36.54. The data also tells us to set a stop loss @ 35.72 in case the stock turns against the trade. 35.82 is the first level of resistance above 35.26, and by rule, any break above resistance is a buy signal. In this case, 35.82, 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 DUG slightly near 35.82, target 32.09, Stop Loss @ 35.92. Details

The technical summary data is suggesting a short of DUG if it tests 35.82 with a downside target of 32.09. We should have a stop loss in place at 35.92 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, 35.82, 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 DUG

• Buy DUG slightly over 35.82, target 36.54, Stop Loss @ 35.74 Details

If 35.82 begins to break higher, the technical summary data tells us to buy DUG just slightly over 35.82, with an upside target of 36.54. The data also tells us to set a stop loss @ 35.74 in case the stock turns against the trade. 35.82 is the first level of resistance above 35.26, and by rule, any break above resistance is a buy signal. In this case, 35.82, 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 DUG slightly near 35.82, target 34.13, Stop Loss @ 35.9. Details

The technical summary data is suggesting a short of DUG if it tests 35.82 with a downside target of 34.13. We should have a stop loss in place at 35.9 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, 35.82, 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 Ultrashort Energy (DUG) available here: DUG.

DUG Ratings for November 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	32.09
P2	34.13	35.82	36.54
P3	35.7	38.47	41.44

AI Generated Signals for DUG

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This Proshares Ultrashort Energy (NYSE: DUG) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DUG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DUG 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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DUG too.  All of these are offered below the Summary Table.