Proshares Ultra Real Estate URE Trading Advice

September 24, 2021, 09:30 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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 Real Estate (NYSE: URE) 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 URE 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 URE 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 URE too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for URE

• Buy URE slightly over 92.47 target 98.30 stop loss @ 92.2 Details

The technical summary data tells us to buy URE near 92.47 with an upside target of 98.30. This data also tells us to set a stop loss @ 92.2 to protect against excessive loss in case the stock begins to move against the trade. 92.47 is the first level of support below 97.2321 , and by rule, any test of support is a buy signal. In this case, support 92.47 would be being tested, so a buy signal would exist.

• Short URE under 98.30, target 92.47, stop loss @ 98.58 Details

The technical summary data is suggesting a short of URE as it gets near 98.30 with a downside target of 92.47. We should have a stop loss in place at 98.58though. 98.30 is the first level of resistance above 97.2321, and by rule, any test of resistance is a short signal. In this case, if resistance 98.30 is being tested, so a short signal would exist.

Swing Trading Plans for URE

• Buy URE slightly over 98.30, target 101.81, Stop Loss @ 98.02 Details

If 98.30 begins to break higher, the technical summary data tells us to buy URE just slightly over 98.30, with an upside target of 101.81. The data also tells us to set a stop loss @ 98.02 in case the stock turns against the trade. 98.30 is the first level of resistance above 97.2321, and by rule, any break above resistance is a buy signal. In this case, 98.30, 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 URE near 98.30, target 96.95, Stop Loss @ 98.58. Details

The technical summary data is suggesting a short of URE if it tests 98.30 with a downside target of 96.95. We should have a stop loss in place at 98.58 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, 98.30, 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 URE

• Buy URE slightly over 97.39, target 98.30, Stop Loss @ 97.16 Details

If 97.39 begins to break higher, the technical summary data tells us to buy URE just slightly over 97.39, with an upside target of 98.30. The data also tells us to set a stop loss @ 97.16 in case the stock turns against the trade. 97.39 is the first level of resistance above 97.2321, and by rule, any break above resistance is a buy signal. In this case, 97.39, 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 URE near 97.39, target 96.95, Stop Loss @ 97.62. Details

The technical summary data is suggesting a short of URE if it tests 97.39 with a downside target of 96.95. We should have a stop loss in place at 97.62 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, 97.39, 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.

URE Ratings for September 24:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	92.47
P2	97.39	96.95	98.30
P3	101.21	101.81	104.28

Support and Resistance Plot Chart for URE

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