Trend Tracker for (MVV)

September 01, 2024, 10:38 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MVV

• Buy MVV slightly over 62.34 target 68.31 stop loss @ 62.16 Details

The technical summary data tells us to buy MVV near 62.34 with an upside target of 68.31. This data also tells us to set a stop loss @ 62.16 to protect against excessive loss in case the stock begins to move against the trade. 62.34 is the first level of support below 68.14 , and by rule, any test of support is a buy signal. In this case, support 62.34 would be being tested, so a buy signal would exist.

• Short MVV slightly under 68.31, target 62.34, stop loss @ 68.51 Details

The technical summary data is suggesting a short of MVV as it gets near 68.31 with a downside target of 62.34. We should have a stop loss in place at 68.51though. 68.31 is the first level of resistance above 68.14, and by rule, any test of resistance is a short signal. In this case, if resistance 68.31 is being tested, so a short signal would exist.

Swing Trading Plans for MVV

• Buy MVV slightly over 68.31, target 69.18, Stop Loss @ 68.11 Details

If 68.31 begins to break higher, the technical summary data tells us to buy MVV just slightly over 68.31, with an upside target of 69.18. The data also tells us to set a stop loss @ 68.11 in case the stock turns against the trade. 68.31 is the first level of resistance above 68.14, and by rule, any break above resistance is a buy signal. In this case, 68.31, 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 MVV slightly near 68.31, target 67.35, Stop Loss @ 68.51. Details

The technical summary data is suggesting a short of MVV if it tests 68.31 with a downside target of 67.35. We should have a stop loss in place at 68.51 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, 68.31, 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 MVV

• Buy MVV slightly over 68.31, target 69.18, Stop Loss @ 68.15 Details

If 68.31 begins to break higher, the technical summary data tells us to buy MVV just slightly over 68.31, with an upside target of 69.18. The data also tells us to set a stop loss @ 68.15 in case the stock turns against the trade. 68.31 is the first level of resistance above 68.14, and by rule, any break above resistance is a buy signal. In this case, 68.31, 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 MVV slightly near 68.31, target 67.68, Stop Loss @ 68.47. Details

The technical summary data is suggesting a short of MVV if it tests 68.31 with a downside target of 67.68. We should have a stop loss in place at 68.47 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, 68.31, 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 Midcap400 2x Shares (MVV) available here: MVV.

MVV Ratings for September 01:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	62.34
P2	66.46	67.35	68.31
P3	67.68	69.18	74.01

AI Generated Signals for MVV

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The data for Proshares Ultra Midcap400 2x Shares (NYSE: MVV) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MVV 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 MVV too.  All of these are offered below the Summary Table.