(BIB) Investment Analysis

December 23, 2024, 14:08 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIB

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short BIB slightly under 55.61, target n/a, stop loss @ 55.77 Details

The technical summary data is suggesting a short of BIB as it gets near 55.61, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 55.77. 55.61 is the first level of resistance above 51.44, and by rule, any test of resistance is a short signal. In this case, if resistance 55.61 is being tested, so a short signal would exist.

Swing Trading Plans for BIB

• Buy BIB slightly over 53.13, target 55.61, Stop Loss @ 52.98 Details

If 53.13 begins to break higher, the technical summary data tells us to buy BIB just slightly over 53.13, with an upside target of 55.61. The data also tells us to set a stop loss @ 52.98 in case the stock turns against the trade. 53.13 is the first level of resistance above 51.44, and by rule, any break above resistance is a buy signal. In this case, 53.13, 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 BIB slightly near 53.13, target 50.21, Stop Loss @ 53.28. Details

The technical summary data is suggesting a short of BIB if it tests 53.13 with a downside target of 50.21. We should have a stop loss in place at 53.28 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, 53.13, 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 BIB

• Buy BIB slightly over 51.68, target 53.13, Stop Loss @ 51.56 Details

If 51.68 begins to break higher, the technical summary data tells us to buy BIB just slightly over 51.68, with an upside target of 53.13. The data also tells us to set a stop loss @ 51.56 in case the stock turns against the trade. 51.68 is the first level of resistance above 51.44, and by rule, any break above resistance is a buy signal. In this case, 51.68, 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 BIB slightly near 51.68, target 50.21, Stop Loss @ 51.8. Details

The technical summary data is suggesting a short of BIB if it tests 51.68 with a downside target of 50.21. We should have a stop loss in place at 51.8 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, 51.68, 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 Trust (BIB) available here: BIB.

BIB Ratings for December 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	55.61
P2	48.92	50.21	62.41
P3	51.68	53.13	69.13

AI Generated Signals for BIB

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BIB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BIB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BIB too.  All of these are offered below the Summary Table.