Proshares Ultrapro S&p500 UPRO Technical Data

Source: Stock Traders Daily

Longer Term Trading Plans for UPRO
  • Buy UPRO over 131.42 target n/a stop loss @ 131.04. Details
  • The technical summary data tells us to buy UPRO near 131.42, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 131.04 to protect against excessive loss in case the stock begins to move against the trade. 131.42 is the first level of support below 133.29, and by rule, any test of support is a buy signal. In this case, if support 131.42 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for UPRO
  • Buy UPRO over 135.35, target n/a, Stop Loss @ 134.96 Details
  • If 135.35 begins to break higher, the technical summary data tells us to buy UPRO just over 135.35, with an upside target of n/a. The data also tells us to set a stop loss @ 134.96 in case the stock turns against the trade. 135.35 is the first level of resistance above 133.29, and by rule, any break above resistance is a buy signal. In this case, 135.35, 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 UPRO near 135.35, target 131.42, Stop Loss @ 135.74. Details
  • The technical summary data is suggesting a short of UPRO if it tests 135.35 with a downside target of 131.42. We should have a stop loss in place at 135.74 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, 135.35, 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 UPRO
  • Buy UPRO over 134.81, target 135.35, Stop Loss @ 134.5 Details
  • If 134.81 begins to break higher, the technical summary data tells us to buy UPRO just over 134.81, with an upside target of 135.35. The data also tells us to set a stop loss @ 134.5 in case the stock turns against the trade. 134.81 is the first level of resistance above 133.29, and by rule, any break above resistance is a buy signal. In this case, 134.81, 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 UPRO near 134.81, target 132.39, Stop Loss @ 135.12. Details
  • The technical summary data is suggesting a short of UPRO if it tests 134.81 with a downside target of 132.39. We should have a stop loss in place at 135.12 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, 134.81, 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.

UPRO Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 117.84
P2 132.39 131.35 124.86
P3 134.81 135.35 131.42

UPRO Long Term Analysis for September 4 2021


UPRO Swing Trading Analysis for September 4 2021


UPRO Day Trading Analysis for September 4 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Proshares Ultrapro S&p500 (NASDAQ: UPRO) while incorporating prudent risk controls.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if UPRO 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 UPRO too.  All of these are offered below the Summary Table.

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