DUG - What Proshares Ultrashort Oil & Gas #DUG is Telling us About its Future
The #nextmove in a #stockprice is often identifiable in advance. This Proshares Ultrashort Oil & Gas (NYSE: DUG) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for DUG make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Weak | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 8.19 | |||
| P2 | |||
| 13.62 | |||
| 13.90 | |||
| 17.06 | |||
| P3 | |||
| 14.47 | |||
| 15.07 | |||
| 26.79 |
Long Term Trading Plans for DUG
May 4, 2021, 1:45 pm ET
The Technical Summary and Trading Plans for DUG 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 DUG Report.
DUG - (Long) Support Plan
The technical summary data tells us to buy DUG near 8.19 with an upside target of 17.06. This data also tells us to set a stop loss @ 8.17 to protect against excessive loss in case the stock begins to move against the trade. 8.19 is the first level of support below 14.16 , and by rule, any test of support is a buy signal. In this case, support 8.19 would be being tested, so a buy signal would exist.
DUG - (Short) Resistance Plan
The technical summary data is suggesting a short of DUG as it gets near 17.06 with a downside target of 8.19. We should have a stop loss in place at 17.11though. 17.06 is the first level of resistance above 14.16, and by rule, any test of resistance is a short signal. In this case, if resistance 17.06 is being tested, so a short signal would exist.