Learn to Evaluate (MVV) using the Charts
February 06, 2024, 17:24 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MVV
- Buy MVV slightly over 52.92 target 58 stop loss @ 52.77 Details
The technical summary data tells us to buy MVV near 52.92 with an upside target of 58. This data also tells us to set a stop loss @ 52.77 to protect against excessive loss in case the stock begins to move against the trade. 52.92 is the first level of support below 56.1 , and by rule, any test of support is a buy signal. In this case, support 52.92 is being tested, a buy signal would exist.
- Short MVV slightly under 58, target 52.92, stop loss @ 58.17 Details
The technical summary data is suggesting a short of MVV as it gets near 58 with a downside target of 52.92. We should have a stop loss in place at 58.17though. 58 is the first level of resistance above 56.1, and by rule, any test of resistance is a short signal. In this case, if resistance 58 is being tested, a short signal would exist.
Swing Trading Plans for MVV
- Buy MVV slightly over 57.26, target 58, Stop Loss @ 57.09 Details
If 57.26 begins to break higher, the technical summary data tells us to buy MVV just slightly over 57.26, with an upside target of 58. The data also tells us to set a stop loss @ 57.09 in case the stock turns against the trade. 57.26 is the first level of resistance above 56.1, and by rule, any break above resistance is a buy signal. In this case, 57.26, 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 57.26, target 55.6, Stop Loss @ 57.43. Details
The technical summary data is suggesting a short of MVV if it tests 57.26 with a downside target of 55.6. We should have a stop loss in place at 57.43 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, 57.26, 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 57.26, target 58, Stop Loss @ 57.13 Details
If 57.26 begins to break higher, the technical summary data tells us to buy MVV just slightly over 57.26, with an upside target of 58. The data also tells us to set a stop loss @ 57.13 in case the stock turns against the trade. 57.26 is the first level of resistance above 56.1, and by rule, any break above resistance is a buy signal. In this case, 57.26, 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 57.26, target 56.06, Stop Loss @ 57.39. Details
The technical summary data is suggesting a short of MVV if it tests 57.26 with a downside target of 56.06. We should have a stop loss in place at 57.39 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, 57.26, 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 February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
47.47 |
| P2 |
54.9 |
55.6 |
52.92 |
| P3 |
56.06 |
57.26 |
58 |
AI Generated Signals for MVV
Blue = Current Price
Red= Resistance
Green = Support
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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 Ultra Midcap400 2x Shares (NYSE: MVV) report below can help you understand how to do this. The trading plans for MVV, 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.
Fundamental Charts for MVV:
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