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Why Investors in Proshares Ultrapro Dow30 $UDOW Consider Price Action to be a Tell

A tell is a precursor of a stock's next move, and investors in Proshares Ultrapro Dow30 (NASDAQ: UDOW) look for these indicators all the time.  the good news is, tells are there for investors to see every day. For example, we have provided this data for UDOW in the trading plans and summary table offered below.  The tell is described there, for you to review.  Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Technical Summary

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 112.75
P2 140.75 139.33 121.72
P3 143.05 142.44 130.68
Triggers may have already come
Support and Resistance Plot Chart for UDOW

Long Term Trading Plans for UDOW

April 18, 2021, 1:15 pm ET

The Technical Summary and Trading Plans for UDOW 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 UDOW Report.

UDOW - (Long) Support Plan

The technical summary data tells us to buy UDOW near 130.68, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 130.3 to protect against excessive loss in case the stock begins to move against the trade. 130.68 is the first level of support below 142.49, and by rule, any test of support is a buy signal. In this case, if support 130.68 is being tested, a buy signal would exist.

UDOW - (Short) Resistance Plan

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.


UDOW Long Term Analysis for April 18 2021

Blue = Current Price
Red= Resistance
Green = Support

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UDOW Dividend Chart for April 18 2021

UDOW PE chart for April 18 2021

UDOW PEG chart for April 18 2021