Learn to Evaluate Proshares Ultrashort Oil & Gas (DUG) using the Charts

Source: Stock Traders Daily

Longer Term Trading Plans for DUG
  • Buy DUG over 10.32 target n/a stop loss @ 10.29. Details
  • The technical summary data tells us to buy DUG near 10.32, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 10.29 to protect against excessive loss in case the stock begins to move against the trade. 10.32 is the first level of support below 33.98, and by rule, any test of support is a buy signal. In this case, if support 10.32 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for DUG
  • Buy DUG over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy DUG just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 33.98, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 near n/a, target 10.32, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of DUG if it tests n/a with a downside target of 10.32. We should have a stop loss in place at 0 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, n/a, 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 over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy DUG just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 33.98, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 near n/a, target 11.63, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of DUG if it tests n/a with a downside target of 11.63. We should have a stop loss in place at 0 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, n/a, 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.

DUG Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Strong Weak
P1 0 0 4.74
P2 5.52 5.94 7.33
P3 11.63 9.41 10.32

DUG Long Term Analysis for January 14 2022


DUG Swing Trading Analysis for January 14 2022


DUG Day Trading Analysis for January 14 2022

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 Oil & Gas (NYSE: DUG) report below can help you understand how to do this. The trading plans for DUG, 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.

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