(UVXY) Investment Analysis

December 08, 2024, 02:36 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UVXY

• Buy UVXY near 15.06 target 21.06 stop loss @ 15.02 Details

The technical summary data tells us to buy UVXY near 15.06 with an upside target of 21.06. This data also tells us to set a stop loss @ 15.02 to protect against excessive loss in case the stock begins to move against the trade. 15.06 is the first level of support below 18.65 , and by rule, any test of support is a buy signal. In this case, support 15.06 would be being tested, so a buy signal would exist.

• Short UVXY slightly under 21.06, target 15.06, stop loss @ 21.12 Details

The technical summary data is suggesting a short of UVXY as it gets near 21.06 with a downside target of 15.06. We should have a stop loss in place at 21.12though. 21.06 is the first level of resistance above 18.65, and by rule, any test of resistance is a short signal. In this case, if resistance 21.06 is being tested, so a short signal would exist.

Swing Trading Plans for UVXY

• Buy UVXY slightly over 21.06, target 30.53, Stop Loss @ 21 Details

If 21.06 begins to break higher, the technical summary data tells us to buy UVXY just slightly over 21.06, with an upside target of 30.53. The data also tells us to set a stop loss @ 21 in case the stock turns against the trade. 21.06 is the first level of resistance above 18.65, and by rule, any break above resistance is a buy signal. In this case, 21.06, 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 UVXY slightly near 21.06, target 18.6, Stop Loss @ 21.12. Details

The technical summary data is suggesting a short of UVXY if it tests 21.06 with a downside target of 18.6. We should have a stop loss in place at 21.12 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, 21.06, 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 UVXY

• Buy UVXY slightly over 19.01, target 21.06, Stop Loss @ 18.97 Details

If 19.01 begins to break higher, the technical summary data tells us to buy UVXY just slightly over 19.01, with an upside target of 21.06. The data also tells us to set a stop loss @ 18.97 in case the stock turns against the trade. 19.01 is the first level of resistance above 18.65, and by rule, any break above resistance is a buy signal. In this case, 19.01, 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 UVXY slightly near 19.01, target 18.6, Stop Loss @ 19.05. Details

The technical summary data is suggesting a short of UVXY if it tests 19.01 with a downside target of 18.6. We should have a stop loss in place at 19.05 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, 19.01, 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 Ultra Vix Short-term Futures Etf 2x Shares (UVXY) available here: UVXY.

UVXY Ratings for December 08:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	15.06
P2	18.51	17.14	21.06
P3	19.01	18.6	30.53

AI Generated Signals for UVXY

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for UVXY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if UVXY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for UVXY too.  All of these are offered below the Summary Table.