(UVXY) Trading Signals

November 05, 2024, 23:00 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UVXY

• Buy UVXY near 21.6 target 31.8 stop loss @ 21.54 Details

The technical summary data tells us to buy UVXY near 21.6 with an upside target of 31.8. This data also tells us to set a stop loss @ 21.54 to protect against excessive loss in case the stock begins to move against the trade. 21.6 is the first level of support below 25.99 , and by rule, any test of support is a buy signal. In this case, support 21.6 is being tested, a buy signal would exist.

• Short UVXY slightly under 31.8, target 21.6, stop loss @ 31.89 Details

The technical summary data is suggesting a short of UVXY as it gets near 31.8 with a downside target of 21.6. We should have a stop loss in place at 31.89though. 31.8 is the first level of resistance above 25.99, and by rule, any test of resistance is a short signal. In this case, if resistance 31.8 is being tested, a short signal would exist.

Swing Trading Plans for UVXY

• Buy UVXY slightly over 27.05, target 29.84, Stop Loss @ 26.97 Details

If 27.05 begins to break higher, the technical summary data tells us to buy UVXY just slightly over 27.05, with an upside target of 29.84. The data also tells us to set a stop loss @ 26.97 in case the stock turns against the trade. 27.05 is the first level of resistance above 25.99, and by rule, any break above resistance is a buy signal. In this case, 27.05, 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 UVXY slightly near 27.05, target 21.6, Stop Loss @ 27.13. Details

The technical summary data is suggesting a short of UVXY if it tests 27.05 with a downside target of 21.6. We should have a stop loss in place at 27.13 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, 27.05, 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 UVXY

• Buy UVXY slightly over 26.12, target 27.05, Stop Loss @ 26.06 Details

If 26.12 begins to break higher, the technical summary data tells us to buy UVXY just slightly over 26.12, with an upside target of 27.05. The data also tells us to set a stop loss @ 26.06 in case the stock turns against the trade. 26.12 is the first level of resistance above 25.99, and by rule, any break above resistance is a buy signal. In this case, 26.12, 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 UVXY slightly near 26.12, target 21.6, Stop Loss @ 26.18. Details

The technical summary data is suggesting a short of UVXY if it tests 26.12 with a downside target of 21.6. We should have a stop loss in place at 26.18 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, 26.12, 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 Vix Short-term Futures Etf 2x Shares (UVXY) available here: UVXY.

UVXY Ratings for November 05:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Weak
P1	0	0	14.4
P2	26.12	27.05	21.6
P3	28.96	29.84	31.8

AI Generated Signals for UVXY

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Trading Proshares Ultra Vix Short-term Futures Etf 2x Shares (NASDAQ: UVXY) 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 UVXY 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 UVXY 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 UVXY too.  All of these are offered below the Summary Table.