Proshares Ultra Midcap400 $MVV Trading Advice

May 26, 2023, 07:30 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MVV

• Buy MVV slightly over 44.42 target 50.17 stop loss @ 44.29 Details

The technical summary data tells us to buy MVV near 44.42 with an upside target of 50.17. This data also tells us to set a stop loss @ 44.29 to protect against excessive loss in case the stock begins to move against the trade. 44.42 is the first level of support below 45.8391 , and by rule, any test of support is a buy signal. In this case, support 44.42 would be being tested, so a buy signal would exist.

• Short MVV slightly under 50.17, target 44.42, stop loss @ 50.31 Details

The technical summary data is suggesting a short of MVV as it gets near 50.17 with a downside target of 44.42. We should have a stop loss in place at 50.31though. 50.17 is the first level of resistance above 45.8391, and by rule, any test of resistance is a short signal. In this case, if resistance 50.17 is being tested, so a short signal would exist.

Swing Trading Plans for MVV

• Buy MVV slightly over 47.41, target 50.17, Stop Loss @ 47.27 Details

If 47.41 begins to break higher, the technical summary data tells us to buy MVV just slightly over 47.41, with an upside target of 50.17. The data also tells us to set a stop loss @ 47.27 in case the stock turns against the trade. 47.41 is the first level of resistance above 45.8391, and by rule, any break above resistance is a buy signal. In this case, 47.41, 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 MVV slightly near 47.41, target 45.68, Stop Loss @ 47.55. Details

The technical summary data is suggesting a short of MVV if it tests 47.41 with a downside target of 45.68. We should have a stop loss in place at 47.55 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, 47.41, 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 MVV

• Buy MVV slightly over 47.50, target 50.17, Stop Loss @ 47.39 Details

If 47.50 begins to break higher, the technical summary data tells us to buy MVV just slightly over 47.50, with an upside target of 50.17. The data also tells us to set a stop loss @ 47.39 in case the stock turns against the trade. 47.50 is the first level of resistance above 45.8391, and by rule, any break above resistance is a buy signal. In this case, 47.50, 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 MVV slightly near 47.50, target 45.68, Stop Loss @ 47.61. Details

The technical summary data is suggesting a short of MVV if it tests 47.50 with a downside target of 45.68. We should have a stop loss in place at 47.61 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, 47.50, 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.

Real Time Updates are available on our Proshares Ultra Midcap400 (MVV) Page here: MVV.

MVV Ratings for May 26:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	44.42
P2	45.54	45.68	50.17
P3	47.50	47.41	55.84

Support and Resistance Plot Chart for MVV

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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 Ultra Midcap400 (NYSE: MVV) 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 MVV 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 MVV 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 MVV too.  All of these are offered below the Summary Table.