(BOIL) Trading Signals

December 02, 2024, 09:48 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BOIL

• Buy BOIL near 30.58 target 55.6 stop loss @ 30.49 Details

The technical summary data tells us to buy BOIL near 30.58 with an upside target of 55.6. This data also tells us to set a stop loss @ 30.49 to protect against excessive loss in case the stock begins to move against the trade. 30.58 is the first level of support below 43.11 , and by rule, any test of support is a buy signal. In this case, support 30.58 is being tested, a buy signal would exist.

• Short BOIL slightly under 55.6, target 30.58, stop loss @ 55.76 Details

The technical summary data is suggesting a short of BOIL as it gets near 55.6 with a downside target of 30.58. We should have a stop loss in place at 55.76though. 55.6 is the first level of resistance above 43.11, and by rule, any test of resistance is a short signal. In this case, if resistance 55.6 is being tested, a short signal would exist.

Swing Trading Plans for BOIL

• Buy BOIL slightly over 45.54, target 52.95, Stop Loss @ 45.41 Details

If 45.54 begins to break higher, the technical summary data tells us to buy BOIL just slightly over 45.54, with an upside target of 52.95. The data also tells us to set a stop loss @ 45.41 in case the stock turns against the trade. 45.54 is the first level of resistance above 43.11, and by rule, any break above resistance is a buy signal. In this case, 45.54, 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 BOIL slightly near 45.54, target 30.58, Stop Loss @ 45.67. Details

The technical summary data is suggesting a short of BOIL if it tests 45.54 with a downside target of 30.58. We should have a stop loss in place at 45.67 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, 45.54, 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 BOIL

• Buy BOIL slightly over 45.54, target 48.21, Stop Loss @ 45.43 Details

If 45.54 begins to break higher, the technical summary data tells us to buy BOIL just slightly over 45.54, with an upside target of 48.21. The data also tells us to set a stop loss @ 45.43 in case the stock turns against the trade. 45.54 is the first level of resistance above 43.11, and by rule, any break above resistance is a buy signal. In this case, 45.54, 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 BOIL slightly near 45.54, target 42.4, Stop Loss @ 45.65. Details

The technical summary data is suggesting a short of BOIL if it tests 45.54 with a downside target of 42.4. We should have a stop loss in place at 45.65 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, 45.54, 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 Ultra Bloomberg Natural Gas 2x Shares (BOIL) available here: BOIL.

BOIL Ratings for December 02:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	11.05
P2	42.4	45.54	30.58
P3	48.21	52.95	55.6

AI Generated Signals for BOIL

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Trading Proshares Ultra Bloomberg Natural Gas 2x Shares (NASDAQ: BOIL) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

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

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Instructions:

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