SEF - The Fundamental Case for Proshares Short Financials Using a Price Based Model
Traditionally Wall Street has used fundamental analysis to make investment decisions in stocks like Proshares Short Financials (NYSE: SEF) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for SEF and it can be used as an example of how to use price action to define fundamental opportunity. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 15.01 | |||
| P2 | |||
| 15.02 | |||
| 14.92 | |||
| 16.33 | |||
| P3 | |||
| 15.68 | |||
| 15.59 | |||
| 18.33 |
Long Term Trading Plans for SEF
February 20, 2021, 4:30 pm ET
The Technical Summary and Trading Plans for SEF 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 SEF Report.
SEF - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
SEF - (Short) Resistance Plan
The technical summary data is suggesting a short of SEF as it gets near 15.01, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 15.05. 15.01 is the first level of resistance above 14.8689, and by rule, any test of resistance is a short signal. In this case, if resistance 15.01 is being tested, so a short signal would exist.