The Proshares Ultrashort Ftse Chin (NYSE: FXP) report below can help you, but we have more details too. The trading plans for FXP, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Neutral | Neutral | Weak |
P1 | 0 | 0 | 30.70 |
P2 | 30.32 | 30.26 | 36.65 |
P3 | 32.63 | 32.73 | 44.72 |
Long Term Trading Plans for FXP
November 29, 2020, 7:00 am ET
The Technical Summary and Trading Plans for FXP 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 FXP Report.
FXP - (Long) Support Plan
The technical summary data tells us to buy FXP near 30.70 with an upside target of 36.65. This data also tells us to set a stop loss @ 30.61 to protect against excessive loss in case the stock begins to move against the trade. 30.70 is the first level of support below 31.03 , and by rule, any test of support is a buy signal. In this case, support 30.70 would be being tested, so a buy signal would exist.
FXP - (Short) Resistance Plan
The technical summary data is suggesting a short of FXP as it gets near 36.65 with a downside target of 30.70. We should have a stop loss in place at 36.76 though. 36.65 is the first level of resistance above 31.03, and by rule, any test of resistance is a short signal. In this case, if resistance 36.65 is being tested, so a short signal would exist.