How the price action of Proshares Ultrashort Ftse Chin ($FXP) is used to our Advantage
April 15, 2023, 21:30 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FXP
- Buy FXP slightly over 28.85 target 38.41 stop loss @ 28.77 Details
The technical summary data tells us to buy FXP near 28.85 with an upside target of 38.41. This data also tells us to set a stop loss @ 28.77 to protect against excessive loss in case the stock begins to move against the trade. 28.85 is the first level of support below 32.4073 , and by rule, any test of support is a buy signal. In this case, support 28.85 would be being tested, so a buy signal would exist.
- Short FXP slightly under 38.41, target 28.85, stop loss @ 38.52 Details
The technical summary data is suggesting a short of FXP as it gets near 38.41 with a downside target of 28.85. We should have a stop loss in place at 38.52though. 38.41 is the first level of resistance above 32.4073, and by rule, any test of resistance is a short signal. In this case, if resistance 38.41 is being tested, so a short signal would exist.
Swing Trading Plans for FXP
- Buy FXP slightly over 38.41, target 51.07, Stop Loss @ 38.3 Details
If 38.41 begins to break higher, the technical summary data tells us to buy FXP just slightly over 38.41, with an upside target of 51.07. The data also tells us to set a stop loss @ 38.3 in case the stock turns against the trade. 38.41 is the first level of resistance above 32.4073, and by rule, any break above resistance is a buy signal. In this case, 38.41, 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 FXP slightly near 38.41, target 31.92, Stop Loss @ 38.52. Details
The technical summary data is suggesting a short of FXP if it tests 38.41 with a downside target of 31.92. We should have a stop loss in place at 38.52 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, 38.41, 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 FXP
- Buy FXP slightly over 34.40, target 38.41, Stop Loss @ 34.32 Details
If 34.40 begins to break higher, the technical summary data tells us to buy FXP just slightly over 34.40, with an upside target of 38.41. The data also tells us to set a stop loss @ 34.32 in case the stock turns against the trade. 34.40 is the first level of resistance above 32.4073, and by rule, any break above resistance is a buy signal. In this case, 34.40, 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 FXP slightly near 34.40, target 31.92, Stop Loss @ 34.48. Details
The technical summary data is suggesting a short of FXP if it tests 34.40 with a downside target of 31.92. We should have a stop loss in place at 34.48 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, 34.40, 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 Ftse Chin (FXP) available here: FXP.
FXP Ratings for April 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
28.85 |
| P2 |
30.14 |
29.05 |
38.41 |
| P3 |
34.40 |
31.92 |
51.07 |
AI Generated Signals for FXP
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Proshares Ultrashort Ftse Chin (NYSE: FXP) data table below can help you with price action, and we have more details too. Trading plans for FXP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FXP:
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