Trading (AGQ) With Integrated Risk Controls
February 27, 2024, 19:06 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AGQ
- Buy AGQ slightly over 21.45 target 24.83 stop loss @ 21.39 Details
The technical summary data tells us to buy AGQ near 21.45 with an upside target of 24.83. This data also tells us to set a stop loss @ 21.39 to protect against excessive loss in case the stock begins to move against the trade. 21.45 is the first level of support below 23.6 , and by rule, any test of support is a buy signal. In this case, support 21.45 would be being tested, so a buy signal would exist.
- Short AGQ slightly under 24.83, target 21.45, stop loss @ 24.9 Details
The technical summary data is suggesting a short of AGQ as it gets near 24.83 with a downside target of 21.45. We should have a stop loss in place at 24.9though. 24.83 is the first level of resistance above 23.6, and by rule, any test of resistance is a short signal. In this case, if resistance 24.83 is being tested, so a short signal would exist.
Swing Trading Plans for AGQ
- Buy AGQ slightly over 23.68, target 24.83, Stop Loss @ 23.61 Details
If 23.68 begins to break higher, the technical summary data tells us to buy AGQ just slightly over 23.68, with an upside target of 24.83. The data also tells us to set a stop loss @ 23.61 in case the stock turns against the trade. 23.68 is the first level of resistance above 23.6, and by rule, any break above resistance is a buy signal. In this case, 23.68, 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 AGQ slightly near 23.68, target 21.45, Stop Loss @ 23.75. Details
The technical summary data is suggesting a short of AGQ if it tests 23.68 with a downside target of 21.45. We should have a stop loss in place at 23.75 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, 23.68, 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 AGQ
- Buy AGQ slightly over 23.68, target 23.93, Stop Loss @ 23.62 Details
If 23.68 begins to break higher, the technical summary data tells us to buy AGQ just slightly over 23.68, with an upside target of 23.93. The data also tells us to set a stop loss @ 23.62 in case the stock turns against the trade. 23.68 is the first level of resistance above 23.6, and by rule, any break above resistance is a buy signal. In this case, 23.68, 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 AGQ slightly near 23.68, target 23.39, Stop Loss @ 23.74. Details
The technical summary data is suggesting a short of AGQ if it tests 23.68 with a downside target of 23.39. We should have a stop loss in place at 23.74 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, 23.68, 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 Silver 2x Shares (AGQ) available here: AGQ.
AGQ Ratings for February 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
21.45 |
| P2 |
23.39 |
23.68 |
24.83 |
| P3 |
23.93 |
25.19 |
28.4 |
AI Generated Signals for AGQ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AGQ:
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