Trading (BETH) With Integrated Risk Controls
October 29, 2024, 07:38 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BETH
- Buy BETH near 58.12 target 68.88 stop loss @ 57.95 Details
The technical summary data tells us to buy BETH near 58.12 with an upside target of 68.88. This data also tells us to set a stop loss @ 57.95 to protect against excessive loss in case the stock begins to move against the trade. 58.12 is the first level of support below 66.237 , and by rule, any test of support is a buy signal. In this case, support 58.12 would be being tested, so a buy signal would exist.
- Short BETH slightly under 68.88, target 58.12, stop loss @ 69.08 Details
The technical summary data is suggesting a short of BETH as it gets near 68.88 with a downside target of 58.12. We should have a stop loss in place at 69.08though. 68.88 is the first level of resistance above 66.237, and by rule, any test of resistance is a short signal. In this case, if resistance 68.88 is being tested, so a short signal would exist.
Swing Trading Plans for BETH
- Buy BETH slightly over 66.97, target 68.88, Stop Loss @ 66.78 Details
If 66.97 begins to break higher, the technical summary data tells us to buy BETH just slightly over 66.97, with an upside target of 68.88. The data also tells us to set a stop loss @ 66.78 in case the stock turns against the trade. 66.97 is the first level of resistance above 66.237, and by rule, any break above resistance is a buy signal. In this case, 66.97, 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 BETH slightly near 66.97, target 64.1, Stop Loss @ 67.16. Details
The technical summary data is suggesting a short of BETH if it tests 66.97 with a downside target of 64.1. We should have a stop loss in place at 67.16 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, 66.97, 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 BETH
- Buy BETH slightly over 66.97, target 68.88, Stop Loss @ 66.81 Details
If 66.97 begins to break higher, the technical summary data tells us to buy BETH just slightly over 66.97, with an upside target of 68.88. The data also tells us to set a stop loss @ 66.81 in case the stock turns against the trade. 66.97 is the first level of resistance above 66.237, and by rule, any break above resistance is a buy signal. In this case, 66.97, 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 BETH slightly near 66.97, target 66.15, Stop Loss @ 67.13. Details
The technical summary data is suggesting a short of BETH if it tests 66.97 with a downside target of 66.15. We should have a stop loss in place at 67.13 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, 66.97, 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 Bitcoin & Ether Market Cap Weight Strategy Etf (BETH) available here: BETH.
BETH Ratings for October 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
58.12 |
| P2 |
64.22 |
64.1 |
68.88 |
| P3 |
66.15 |
66.97 |
80.27 |
AI Generated Signals for BETH
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BETH:
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