How the (SVXY) price action is used to our Advantage
January 24, 2024, 06:00 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SVXY
- Buy SVXY slightly over 102.65 target 108.69 stop loss @ 102.35 Details
The technical summary data tells us to buy SVXY near 102.65 with an upside target of 108.69. This data also tells us to set a stop loss @ 102.35 to protect against excessive loss in case the stock begins to move against the trade. 102.65 is the first level of support below 108.49 , and by rule, any test of support is a buy signal. In this case, support 102.65 is being tested, a buy signal would exist.
- Short SVXY slightly under 108.69, target 102.65, stop loss @ 109 Details
The technical summary data is suggesting a short of SVXY as it gets near 108.69 with a downside target of 102.65. We should have a stop loss in place at 109though. 108.69 is the first level of resistance above 108.49, and by rule, any test of resistance is a short signal. In this case, if resistance 108.69 is being tested, a short signal would exist.
Swing Trading Plans for SVXY
- Buy SVXY slightly over 108.69, target n/a, Stop Loss @ 108.38 Details
If 108.69 begins to break higher, the technical summary data tells us to buy SVXY just slightly over 108.69, with an upside target of n/a. The data also tells us to set a stop loss @ 108.38 in case the stock turns against the trade. 108.69 is the first level of resistance above 108.49, and by rule, any break above resistance is a buy signal. In this case, 108.69, 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 SVXY slightly near 108.69, target 107.68, Stop Loss @ 109. Details
The technical summary data is suggesting a short of SVXY if it tests 108.69 with a downside target of 107.68. We should have a stop loss in place at 109 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, 108.69, 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 SVXY
- Buy SVXY slightly over 108.69, target 109.14, Stop Loss @ 108.44 Details
If 108.69 begins to break higher, the technical summary data tells us to buy SVXY just slightly over 108.69, with an upside target of 109.14. The data also tells us to set a stop loss @ 108.44 in case the stock turns against the trade. 108.69 is the first level of resistance above 108.49, and by rule, any break above resistance is a buy signal. In this case, 108.69, 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 SVXY slightly near 108.69, target 108.05, Stop Loss @ 108.94. Details
The technical summary data is suggesting a short of SVXY if it tests 108.69 with a downside target of 108.05. We should have a stop loss in place at 108.94 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, 108.69, 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 Short Vix Short-term Futures Etf -1x Shares (SVXY) available here: SVXY.
SVXY Ratings for January 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
95.87 |
| P2 |
108.05 |
104.01 |
102.65 |
| P3 |
109.14 |
107.68 |
108.69 |
AI Generated Signals for SVXY
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 Short Vix Short-term Futures Etf -1x Shares (NASDAQ: SVXY) data table below can help you with price action, and we have more details too. Trading plans for SVXY 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 SVXY:
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