Learn to Evaluate (MYY) using the Charts

December 26, 2024, 12:52 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MYY

• Buy MYY near 18.57 target 19.38 stop loss @ 18.52 Details

The technical summary data tells us to buy MYY near 18.57 with an upside target of 19.38. This data also tells us to set a stop loss @ 18.52 to protect against excessive loss in case the stock begins to move against the trade. 18.57 is the first level of support below 18.72 , and by rule, any test of support is a buy signal. In this case, support 18.57 is being tested, a buy signal would exist.

• Short MYY slightly under 19.38, target 18.57, stop loss @ 19.44 Details

The technical summary data is suggesting a short of MYY as it gets near 19.38 with a downside target of 18.57. We should have a stop loss in place at 19.44though. 19.38 is the first level of resistance above 18.72, and by rule, any test of resistance is a short signal. In this case, if resistance 19.38 is being tested, a short signal would exist.

Swing Trading Plans for MYY

• Buy MYY slightly over 18.96, target 19.39, Stop Loss @ 18.91 Details

If 18.96 begins to break higher, the technical summary data tells us to buy MYY just slightly over 18.96, with an upside target of 19.39. The data also tells us to set a stop loss @ 18.91 in case the stock turns against the trade. 18.96 is the first level of resistance above 18.72, and by rule, any break above resistance is a buy signal. In this case, 18.96, 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 MYY slightly near 18.96, target 18.57, Stop Loss @ 19.01. Details

The technical summary data is suggesting a short of MYY if it tests 18.96 with a downside target of 18.57. We should have a stop loss in place at 19.01 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, 18.96, 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 MYY

• Buy MYY slightly over 18.96, target 19.39, Stop Loss @ 18.92 Details

If 18.96 begins to break higher, the technical summary data tells us to buy MYY just slightly over 18.96, with an upside target of 19.39. The data also tells us to set a stop loss @ 18.92 in case the stock turns against the trade. 18.96 is the first level of resistance above 18.72, and by rule, any break above resistance is a buy signal. In this case, 18.96, 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 MYY slightly near 18.96, target 18.57, Stop Loss @ 19. Details

The technical summary data is suggesting a short of MYY if it tests 18.96 with a downside target of 18.57. We should have a stop loss in place at 19 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, 18.96, 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 Short Midcap400 -1x Shares (MYY) available here: MYY.

MYY Ratings for December 26:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	17.82
P2	18.88	18.96	18.57
P3	19.37	19.39	19.38

AI Generated Signals for MYY

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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 Short Midcap400 -1x Shares (NYSE: MYY) report below can help you understand how to do this. The trading plans for MYY, 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.