Learn to Evaluate Proshares Ultrashort Dow30 (DXD) using the Charts
January 28, 2023, 02:30 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DXD
- Buy DXD slightly over 40.73 target 46.04 stop loss @ 40.61 Details
The technical summary data tells us to buy DXD near 40.73 with an upside target of 46.04. This data also tells us to set a stop loss @ 40.61 to protect against excessive loss in case the stock begins to move against the trade. 40.73 is the first level of support below 41.23 , and by rule, any test of support is a buy signal. In this case, support 40.73 would be being tested, so a buy signal would exist.
- Short DXD slightly under 46.04, target 40.73, stop loss @ 46.17 Details
The technical summary data is suggesting a short of DXD as it gets near 46.04 with a downside target of 40.73. We should have a stop loss in place at 46.17though. 46.04 is the first level of resistance above 41.23, and by rule, any test of resistance is a short signal. In this case, if resistance 46.04 is being tested, so a short signal would exist.
Swing Trading Plans for DXD
- Buy DXD slightly over 41.53, target 43.33, Stop Loss @ 41.41 Details
If 41.53 begins to break higher, the technical summary data tells us to buy DXD just slightly over 41.53, with an upside target of 43.33. The data also tells us to set a stop loss @ 41.41 in case the stock turns against the trade. 41.53 is the first level of resistance above 41.23, and by rule, any break above resistance is a buy signal. In this case, 41.53, 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 DXD slightly near 41.53, target 40.73, Stop Loss @ 41.65. Details
The technical summary data is suggesting a short of DXD if it tests 41.53 with a downside target of 40.73. We should have a stop loss in place at 41.65 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, 41.53, 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 DXD
- Buy DXD slightly over 41.53, target 41.97, Stop Loss @ 41.43 Details
If 41.53 begins to break higher, the technical summary data tells us to buy DXD just slightly over 41.53, with an upside target of 41.97. The data also tells us to set a stop loss @ 41.43 in case the stock turns against the trade. 41.53 is the first level of resistance above 41.23, and by rule, any break above resistance is a buy signal. In this case, 41.53, 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 DXD slightly near 41.53, target 41.12, Stop Loss @ 41.63. Details
The technical summary data is suggesting a short of DXD if it tests 41.53 with a downside target of 41.12. We should have a stop loss in place at 41.63 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, 41.53, 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 Dow30 (DXD) available here: DXD.
DXD Ratings for January 28:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Weak |
Neutral |
P1 |
0 |
0 |
40.73 |
P2 |
41.12 |
41.53 |
46.04 |
P3 |
41.97 |
43.33 |
52.35 |
AI Generated Signals for DXD
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 Ultrashort Dow30 (NYSE: DXD) report below can help you understand how to do this. The trading plans for DXD, 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 DXD: