How the (EEV) price action is used to our Advantage
April 18, 2024, 15:44 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EEV
- Buy EEV slightly over 20.31 target 21.98 stop loss @ 20.25 Details
The technical summary data tells us to buy EEV near 20.31 with an upside target of 21.98. This data also tells us to set a stop loss @ 20.25 to protect against excessive loss in case the stock begins to move against the trade. 20.31 is the first level of support below 20.3699 , and by rule, any test of support is a buy signal. In this case, support 20.31 is being tested, a buy signal would exist.
- Short EEV slightly under 21.98, target 20.31, stop loss @ 22.04 Details
The technical summary data is suggesting a short of EEV as it gets near 21.98 with a downside target of 20.31. We should have a stop loss in place at 22.04though. 21.98 is the first level of resistance above 20.3699, and by rule, any test of resistance is a short signal. In this case, if resistance 21.98 is being tested, a short signal would exist.
Swing Trading Plans for EEV
- Buy EEV slightly over 20.48, target 21.98, Stop Loss @ 20.42 Details
If 20.48 begins to break higher, the technical summary data tells us to buy EEV just slightly over 20.48, with an upside target of 21.98. The data also tells us to set a stop loss @ 20.42 in case the stock turns against the trade. 20.48 is the first level of resistance above 20.3699, and by rule, any break above resistance is a buy signal. In this case, 20.48, 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 EEV slightly near 20.48, target 19.66, Stop Loss @ 20.54. Details
The technical summary data is suggesting a short of EEV if it tests 20.48 with a downside target of 19.66. We should have a stop loss in place at 20.54 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, 20.48, 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 EEV
- Buy EEV slightly over 20.54, target 20.92, Stop Loss @ 20.49 Details
If 20.54 begins to break higher, the technical summary data tells us to buy EEV just slightly over 20.54, with an upside target of 20.92. The data also tells us to set a stop loss @ 20.49 in case the stock turns against the trade. 20.54 is the first level of resistance above 20.3699, and by rule, any break above resistance is a buy signal. In this case, 20.54, 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 EEV slightly near 20.54, target 19.66, Stop Loss @ 20.59. Details
The technical summary data is suggesting a short of EEV if it tests 20.54 with a downside target of 19.66. We should have a stop loss in place at 20.59 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, 20.54, 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 Ultrashort Msci Emerging Markets -2x Shares (EEV) available here: EEV.
EEV Ratings for April 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
18.77 |
| P2 |
20.54 |
19.66 |
20.31 |
| P3 |
20.92 |
20.48 |
21.98 |
AI Generated Signals for EEV
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 Msci Emerging Markets -2x Shares (NYSE: EEV) data table below can help you with price action, and we have more details too. Trading plans for EEV 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 EEV:
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