When Proshares Ultrapro Midcap400 3x Shares ($UMDD) Moves Investors should Listen
November 18, 2023, 06:45 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UMDD
- Buy UMDD slightly over 14.56 target 17.45 stop loss @ 14.52 Details
The technical summary data tells us to buy UMDD near 14.56 with an upside target of 17.45. This data also tells us to set a stop loss @ 14.52 to protect against excessive loss in case the stock begins to move against the trade. 14.56 is the first level of support below 17.2193 , and by rule, any test of support is a buy signal. In this case, support 14.56 would be being tested, so a buy signal would exist.
- Short UMDD slightly under 17.45, target 14.56, stop loss @ 17.5 Details
The technical summary data is suggesting a short of UMDD as it gets near 17.45 with a downside target of 14.56. We should have a stop loss in place at 17.5though. 17.45 is the first level of resistance above 17.2193, and by rule, any test of resistance is a short signal. In this case, if resistance 17.45 is being tested, so a short signal would exist.
Swing Trading Plans for UMDD
- Buy UMDD slightly over 17.6, target 20.32, Stop Loss @ 17.55 Details
If 17.6 begins to break higher, the technical summary data tells us to buy UMDD just slightly over 17.6, with an upside target of 20.32. The data also tells us to set a stop loss @ 17.55 in case the stock turns against the trade. 17.6 is the first level of resistance above 17.2193, and by rule, any break above resistance is a buy signal. In this case, 17.6, 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 UMDD slightly near 17.6, target 16.16, Stop Loss @ 17.65. Details
The technical summary data is suggesting a short of UMDD if it tests 17.6 with a downside target of 16.16. We should have a stop loss in place at 17.65 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, 17.6, 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 UMDD
- Buy UMDD slightly over 17.6, target 18.33, Stop Loss @ 17.56 Details
If 17.6 begins to break higher, the technical summary data tells us to buy UMDD just slightly over 17.6, with an upside target of 18.33. The data also tells us to set a stop loss @ 17.56 in case the stock turns against the trade. 17.6 is the first level of resistance above 17.2193, and by rule, any break above resistance is a buy signal. In this case, 17.6, 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 UMDD slightly near 17.6, target 17.17, Stop Loss @ 17.64. Details
The technical summary data is suggesting a short of UMDD if it tests 17.6 with a downside target of 17.17. We should have a stop loss in place at 17.64 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, 17.6, 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 Ultrapro Midcap400 3x Shares (UMDD) available here: UMDD.
UMDD Ratings for November 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
14.56 |
| P2 |
17.17 |
16.16 |
17.45 |
| P3 |
18.33 |
17.6 |
20.32 |
AI Generated Signals for UMDD
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Proshares Ultrapro Midcap400 3x Shares (NASDAQ: UMDD) report below is a real world example. Included are trading plans for UMDD, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for UMDD:
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