pool adsHow to Evaluate Proshares Short Smallcap600 $SBB by Looking at the Charts
When influential investors make decisions to buy and sell securities, they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Proshares Short Smallcap600 (NYSE: SBB) report below can help you understand how to do this. The trading plans for SBB, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Weak |
| P1 | ERR | 0 | 15.68 |
| P2 | 17.08 | 17.00 | |
| P3 | 0 | 18.03 | 18.47 |
Support and Resistance Plot Chart for SBB
Long Term Trading Plans for SBB
April 7, 2021, 10:45 pm ET
The Technical Summary and Trading Plans for SBB help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SBB Report.
SBB - (Long) Support Plan
The technical summary data tells us to buy SBB near 17.00 with an upside target of 18.47. This data also tells us to set a stop loss @ 16.95 to protect against excessive loss in case the stock begins to move against the trade. 17.00 is the first level of support below 18.1201 , and by rule, any test of support is a buy signal. In this case, support 17.00 is being tested, a buy signal would exist.
SBB - (Short) Resistance Plan
The technical summary data is suggesting a short of SBB as it gets near 18.47 with a downside target of 17.00. We should have a stop loss in place at 18.52though. 18.47 is the first level of resistance above 18.1201, and by rule, any test of resistance is a short signal. In this case, if resistance 18.47 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
