When Proshares Ultrashort Dow30 (DXD) Moves Investors should Listen

April 17, 2022, 02:15 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Proshares Ultrashort Dow30 (NYSE: DXD) report below is a real world example. Included are trading plans for DXD, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for DXD

• Buy DXD slightly over 42.46 target 45.85 stop loss @ 42.34 Details

The technical summary data tells us to buy DXD near 42.46 with an upside target of 45.85. This data also tells us to set a stop loss @ 42.34 to protect against excessive loss in case the stock begins to move against the trade. 42.46 is the first level of support below 43.61 , and by rule, any test of support is a buy signal. In this case, support 42.46 is being tested, a buy signal would exist.

• Short DXD under 45.85, target 42.46, stop loss @ 45.98 Details

The technical summary data is suggesting a short of DXD as it gets near 45.85 with a downside target of 42.46. We should have a stop loss in place at 45.98though. 45.85 is the first level of resistance above 43.61, and by rule, any test of resistance is a short signal. In this case, if resistance 45.85 is being tested, a short signal would exist.

Swing Trading Plans for DXD

• Buy DXD slightly over 44.43, target 45.85, Stop Loss @ 44.3 Details

If 44.43 begins to break higher, the technical summary data tells us to buy DXD just slightly over 44.43, with an upside target of 45.85. The data also tells us to set a stop loss @ 44.3 in case the stock turns against the trade. 44.43 is the first level of resistance above 43.61, and by rule, any break above resistance is a buy signal. In this case, 44.43, 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 DXD near 44.43, target 43.19, Stop Loss @ 44.56. Details

The technical summary data is suggesting a short of DXD if it tests 44.43 with a downside target of 43.19. We should have a stop loss in place at 44.56 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, 44.43, 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 DXD

• Buy DXD slightly over 43.91, target 44.43, Stop Loss @ 43.81 Details

If 43.91 begins to break higher, the technical summary data tells us to buy DXD just slightly over 43.91, with an upside target of 44.43. The data also tells us to set a stop loss @ 43.81 in case the stock turns against the trade. 43.91 is the first level of resistance above 43.61, and by rule, any break above resistance is a buy signal. In this case, 43.91, 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 DXD near 43.91, target 43.19, Stop Loss @ 44.01. Details

The technical summary data is suggesting a short of DXD if it tests 43.91 with a downside target of 43.19. We should have a stop loss in place at 44.01 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, 43.91, 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.

DXD Ratings for April 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	39.53
P2	42.94	43.19	42.46
P3	43.91	44.43	45.85

Support and Resistance Plot Chart for DXD

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