SAA - How to Evaluate Proshares Ultra Smallcap600 by Looking at the Charts

When influential investors make decisions to buy and sell securities, they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The Proshares Ultra Smallcap600 (NYSE: SAA) report below can help you understand how to do this. The trading plans for SAA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Long Term Trading Plans for SAA

February 20, 2021, 1:15 pm ET

The Technical Summary and Trading Plans for SAA 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 SAA Report.

SAA - (Long) Support Plan

The technical summary data tells us to buy SAA near 115.04, 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 114.71 to protect against excessive loss in case the stock begins to move against the trade. 115.04 is the first level of support below 141.901, and by rule, any test of support is a buy signal. In this case, if support 115.04 is being tested, a buy signal would exist.

SAA - (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.