Changes 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

Source: Stock Traders Daily

Review the DIG Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 82.09
P2 125.47 119.50 104.34
P3 131.85 128.59 130.10

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.


DIG Long Term Analysis for May 4 2021

Swing 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

If 128.59 begins to break higher, the technical summary data tells us to buy DIG just over 128.59, with an upside target of 130.10. The data also tells us to set a stop loss @ 128.22 in case the stock turns against the trade. 128.59 is the first level of resistance above 126.74, and by rule, any break above resistance is a buy signal. In this case, 128.59, 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.

DIG - (Short) Resistance Plan

The technical summary data is suggesting a short of DIG if it tests 128.59 with a downside target of 119.50. We should have a stop loss in place at 128.96 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, 128.59, 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.


DIG Swing Trading Analysis for May 4 2021

Day 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

If 128.59 begins to break higher, the technical summary data tells us to buy DIG just over 128.59, with an upside target of 130.10. The data also tells us to set a stop loss @ 128.29 in case the stock turns against the trade. 128.59 is the first level of resistance above 126.74, and by rule, any break above resistance is a buy signal. In this case, 128.59, 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.

DIG - (Short) Resistance Plan

The technical summary data is suggesting a short of DIG if it tests 128.59 with a downside target of 125.47. We should have a stop loss in place at 128.89 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, 128.59, 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.


DIG Day Trading Analysis for May 4 2021


DIG Dividend Chart for May 4 2021

DIG PE chart for May 4 2021

DIG PEG chart for May 4 2021