pool adsChanges to the Price of Proshares Ultra Oil & Gas #DIG Influence Investor Perception
Often, the action in a #stock is based on #investor perceptions, but it can be a circular event. Not only is the #priceaction representative of perception, but it can influence perception too. In the case of Proshares Ultra Oil & Gas (NYSE: DIG) we can see this in the charts. The data for DIG in the summary table and trading plans below are intended to provide an example of how to extrapolate this. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 82.09 |
| P2 | 125.47 | 119.50 | 104.34 |
| P3 | 131.85 | 128.59 | 130.10 |
Support and Resistance Plot Chart for DIG
Long Term Trading Plans for DIG
May 4, 2021, 10:45 am ET
The Technical Summary and Trading Plans for DIG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DIG Report.
DIG - (Long) Support Plan
The technical summary data tells us to buy DIG near 104.34 with an upside target of 130.10. This data also tells us to set a stop loss @ 104.04 to protect against excessive loss in case the stock begins to move against the trade. 104.34 is the first level of support below 126.74 , and by rule, any test of support is a buy signal. In this case, support 104.34 is being tested, a buy signal would exist.
DIG - (Short) Resistance Plan
The technical summary data is suggesting a short of DIG as it gets near 130.10 with a downside target of 104.34. We should have a stop loss in place at 130.48though. 130.10 is the first level of resistance above 126.74, and by rule, any test of resistance is a short signal. In this case, if resistance 130.10 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
