When the Price of (BOIL) Talks, People Listen

November 21, 2024, 18:16 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BOIL

• Buy BOIL near 29.24 target 55.16 stop loss @ 29.16 Details

The technical summary data tells us to buy BOIL near 29.24 with an upside target of 55.16. This data also tells us to set a stop loss @ 29.16 to protect against excessive loss in case the stock begins to move against the trade. 29.24 is the first level of support below 52.49 , and by rule, any test of support is a buy signal. In this case, support 29.24 is being tested, a buy signal would exist.

• Short BOIL slightly under 55.16, target 29.24, stop loss @ 55.32 Details

The technical summary data is suggesting a short of BOIL as it gets near 55.16 with a downside target of 29.24. We should have a stop loss in place at 55.32though. 55.16 is the first level of resistance above 52.49, and by rule, any test of resistance is a short signal. In this case, if resistance 55.16 is being tested, a short signal would exist.

Swing Trading Plans for BOIL

• Buy BOIL slightly over 55.16, target n/a, Stop Loss @ 55 Details

If 55.16 begins to break higher, the technical summary data tells us to buy BOIL just slightly over 55.16, with an upside target of n/a. The data also tells us to set a stop loss @ 55 in case the stock turns against the trade. 55.16 is the first level of resistance above 52.49, and by rule, any break above resistance is a buy signal. In this case, 55.16, 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 BOIL slightly near 55.16, target 50.81, Stop Loss @ 55.32. Details

The technical summary data is suggesting a short of BOIL if it tests 55.16 with a downside target of 50.81. We should have a stop loss in place at 55.32 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, 55.16, 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 BOIL

• Buy BOIL slightly over 53.64, target 55.16, Stop Loss @ 53.51 Details

If 53.64 begins to break higher, the technical summary data tells us to buy BOIL just slightly over 53.64, with an upside target of 55.16. The data also tells us to set a stop loss @ 53.51 in case the stock turns against the trade. 53.64 is the first level of resistance above 52.49, and by rule, any break above resistance is a buy signal. In this case, 53.64, 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 BOIL slightly near 53.64, target 50.81, Stop Loss @ 53.77. Details

The technical summary data is suggesting a short of BOIL if it tests 53.64 with a downside target of 50.81. We should have a stop loss in place at 53.77 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, 53.64, 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 Bloomberg Natural Gas 2x Shares (BOIL) available here: BOIL.

BOIL Ratings for November 21:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	8.33
P2	50.64	45	29.24
P3	53.64	50.81	55.16

AI Generated Signals for BOIL

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Proshares Ultra Bloomberg Natural Gas 2x Shares (NASDAQ: BOIL) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for BOIL can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.