Trading (UJB) With Integrated Risk Controls
November 26, 2024, 08:20 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UJB
- Buy UJB near 73.48 target 75 stop loss @ 73.27 Details
The technical summary data tells us to buy UJB near 73.48 with an upside target of 75. This data also tells us to set a stop loss @ 73.27 to protect against excessive loss in case the stock begins to move against the trade. 73.48 is the first level of support below 74.0668 , and by rule, any test of support is a buy signal. In this case, support 73.48 is being tested, a buy signal would exist.
- Short UJB slightly under 75, target 73.48, stop loss @ 75.22 Details
The technical summary data is suggesting a short of UJB as it gets near 75 with a downside target of 73.48. We should have a stop loss in place at 75.22though. 75 is the first level of resistance above 74.0668, and by rule, any test of resistance is a short signal. In this case, if resistance 75 is being tested, a short signal would exist.
Swing Trading Plans for UJB
- Buy UJB slightly over 75, target n/a, Stop Loss @ 74.78 Details
If 75 begins to break higher, the technical summary data tells us to buy UJB just slightly over 75, with an upside target of n/a. The data also tells us to set a stop loss @ 74.78 in case the stock turns against the trade. 75 is the first level of resistance above 74.0668, and by rule, any break above resistance is a buy signal. In this case, 75, 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 UJB slightly near 75, target 73.77, Stop Loss @ 75.22. Details
The technical summary data is suggesting a short of UJB if it tests 75 with a downside target of 73.77. We should have a stop loss in place at 75.22 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, 75, 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 UJB
- Buy UJB slightly over 75, target n/a, Stop Loss @ 74.83 Details
If 75 begins to break higher, the technical summary data tells us to buy UJB just slightly over 75, with an upside target of n/a. The data also tells us to set a stop loss @ 74.83 in case the stock turns against the trade. 75 is the first level of resistance above 74.0668, and by rule, any break above resistance is a buy signal. In this case, 75, 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 UJB slightly near 75, target 74, Stop Loss @ 75.17. Details
The technical summary data is suggesting a short of UJB if it tests 75 with a downside target of 74. We should have a stop loss in place at 75.17 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, 75, 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 High Yield 2x Shares (UJB) available here: UJB.
UJB Ratings for November 26:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Strong |
P1 |
0 |
0 |
71.93 |
P2 |
73.77 |
73.19 |
73.48 |
P3 |
74 |
73.77 |
75 |
AI Generated Signals for UJB
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for UJB: