DIG - How to use Proshares Ultra Oil & Gas DIG as a Forecasting Tool
#Wallstreet usually prices in events before they happen, and that is as true for Proshares Ultra Oil & Gas (NYSE: DIG) as it is for any other company. If news is anticipated, and investors want to know what to expect, a simple review of the stock's price action is one of the best ways to do that. The price action of DIG was used to prepare the plans below, it can reflect anticipation, and offer forward looking guidance without the need for analyst's opinions, which are often late and associated with decisions that have already been made anyway. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 90.23 | |||
| P2 | |||
| 129.89 | |||
| 131.17 | |||
| 113.74 | |||
| P3 | |||
| 138.96 | |||
| 140.71 | |||
| 140.99 |
Longer Term Trading Plans for DIG
May 24, 2021, 8:15 am ET
Our Longer Term Plans for DIG help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this DIG Report.
DIG - (Long) Support Plan
Buy over 113.74 target 140.99 stop loss @ 113.41
DIG - (Short) Resistance Plan
Short under 140.99, target 113.74, stop loss @ 141.4