(KOLD) Long Term Investment Analysis

November 13, 2024, 11:54 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KOLD

• Buy KOLD near 55.81 target 71.6 stop loss @ 55.65 Details

The technical summary data tells us to buy KOLD near 55.81 with an upside target of 71.6. This data also tells us to set a stop loss @ 55.65 to protect against excessive loss in case the stock begins to move against the trade. 55.81 is the first level of support below 67.72 , and by rule, any test of support is a buy signal. In this case, support 55.81 would be being tested, so a buy signal would exist.

• Short KOLD slightly under 71.6, target 55.81, stop loss @ 71.81 Details

The technical summary data is suggesting a short of KOLD as it gets near 71.6 with a downside target of 55.81. We should have a stop loss in place at 71.81though. 71.6 is the first level of resistance above 67.72, and by rule, any test of resistance is a short signal. In this case, if resistance 71.6 is being tested, so a short signal would exist.

Swing Trading Plans for KOLD

• Buy KOLD slightly over 71.34, target 71.6, Stop Loss @ 71.13 Details

If 71.34 begins to break higher, the technical summary data tells us to buy KOLD just slightly over 71.34, with an upside target of 71.6. The data also tells us to set a stop loss @ 71.13 in case the stock turns against the trade. 71.34 is the first level of resistance above 67.72, and by rule, any break above resistance is a buy signal. In this case, 71.34, 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 KOLD slightly near 71.34, target 55.81, Stop Loss @ 71.55. Details

The technical summary data is suggesting a short of KOLD if it tests 71.34 with a downside target of 55.81. We should have a stop loss in place at 71.55 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, 71.34, 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 KOLD

• Buy KOLD slightly over 71.34, target 71.6, Stop Loss @ 71.17 Details

If 71.34 begins to break higher, the technical summary data tells us to buy KOLD just slightly over 71.34, with an upside target of 71.6. The data also tells us to set a stop loss @ 71.17 in case the stock turns against the trade. 71.34 is the first level of resistance above 67.72, and by rule, any break above resistance is a buy signal. In this case, 71.34, 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 KOLD slightly near 71.34, target 65.95, Stop Loss @ 71.51. Details

The technical summary data is suggesting a short of KOLD if it tests 71.34 with a downside target of 65.95. We should have a stop loss in place at 71.51 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, 71.34, 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 Ultrashort Bloomberg Natural Gas -2x Shares (KOLD) available here: KOLD.

KOLD Ratings for November 13:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	55.81
P2	65.95	71.34	71.6
P3	73.6	81.25	89.09

AI Generated Signals for KOLD

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Technically, Proshares Ultrashort Bloomberg Natural Gas -2x Shares (NASDAQ: KOLD) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for KOLD 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 KOLD 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 KOLD too.  All of these are offered below the Summary Table.