Learn to Evaluate (UPRO) using the Charts
June 29, 2024, 09:56 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UPRO
- Buy UPRO slightly over 71.8 target 79.02 stop loss @ 71.59 Details
The technical summary data tells us to buy UPRO near 71.8 with an upside target of 79.02. This data also tells us to set a stop loss @ 71.59 to protect against excessive loss in case the stock begins to move against the trade. 71.8 is the first level of support below 76.84 , and by rule, any test of support is a buy signal. In this case, support 71.8 is being tested, a buy signal would exist.
- Short UPRO slightly under 79.02, target 71.8, stop loss @ 79.25 Details
The technical summary data is suggesting a short of UPRO as it gets near 79.02 with a downside target of 71.8. We should have a stop loss in place at 79.25though. 79.02 is the first level of resistance above 76.84, and by rule, any test of resistance is a short signal. In this case, if resistance 79.02 is being tested, a short signal would exist.
Swing Trading Plans for UPRO
- Buy UPRO slightly over 77.04, target 79.02, Stop Loss @ 76.82 Details
If 77.04 begins to break higher, the technical summary data tells us to buy UPRO just slightly over 77.04, with an upside target of 79.02. The data also tells us to set a stop loss @ 76.82 in case the stock turns against the trade. 77.04 is the first level of resistance above 76.84, and by rule, any break above resistance is a buy signal. In this case, 77.04, 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 UPRO slightly near 77.04, target 71.8, Stop Loss @ 77.26. Details
The technical summary data is suggesting a short of UPRO if it tests 77.04 with a downside target of 71.8. We should have a stop loss in place at 77.26 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, 77.04, 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 UPRO
- Buy UPRO slightly over 77.04, target 77.7, Stop Loss @ 76.86 Details
If 77.04 begins to break higher, the technical summary data tells us to buy UPRO just slightly over 77.04, with an upside target of 77.7. The data also tells us to set a stop loss @ 76.86 in case the stock turns against the trade. 77.04 is the first level of resistance above 76.84, and by rule, any break above resistance is a buy signal. In this case, 77.04, 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 UPRO slightly near 77.04, target 71.8, Stop Loss @ 77.22. Details
The technical summary data is suggesting a short of UPRO if it tests 77.04 with a downside target of 71.8. We should have a stop loss in place at 77.22 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, 77.04, 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 Ultrapro S&p 500 Etf 3x Shares (UPRO) available here: UPRO.
UPRO Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
64.4 |
| P2 |
76.89 |
77.04 |
71.8 |
| P3 |
77.7 |
79.54 |
79.02 |
AI Generated Signals for UPRO
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 Ultrapro S&p 500 Etf 3x Shares (NASDAQ: UPRO) report below can help you understand how to do this. The trading plans for UPRO, 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 UPRO:
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