Technical data

Technical data of Proshares Ultrapro S & p500 UPRO


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Source: Daily Stock Exchange Traders

Longer term trading plans for UPRO
  • Buy UPRO on 131.42 target n / a stop loss @ 131.04. Details
  • Summary technical data tells us to buy UPRO near 131.42, but there is no current upside target in the summary table. In this case, we have to wait until a summary table update has been made (which usually happens at the start of each trading day), or until the position is stopped. The data tells us to set a 131.04 stop loss to protect against an excessive loss in case the stock starts to move against the trade. 131.42 is the first level of support below 133.29, and by rule, any test of support is a buy signal. In this case, if 131.42 support is tested, a buy signal would exist.

  • NOTHING . Details
  • NOTHING .
    There are no current resistance levels in the summary table, and therefore there are no short resistance plans that tell us to short stress tests. Resistance levels have broken through the upper levels and, unless the action reverses below the support levels, short positions look risky again.

Swing Trading Plans for UPRO
  • Buy UPRO on 135.35, Target n / a, Stop Loss @ 134.96 Details
  • If 135.35 starts to break higher, technical summary data tells us to buy UPRO just above 135.35, with a bullish target of n / a. The data also tells us to set a stop loss @ 134.96 in case the stock turns against the trade. 135.35 is the first resistance level above 133.29, and by rule, any breakout above resistance is a buy signal. In this case, 135.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short UPRO near 135.35, target 131.42, Stop Loss @ 135.74. Details
  • Technical summary data suggests UPRO shorts if it tests 135.35 with a downside target of 131.42. We should have a stop loss in place at 135.74 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 135.35, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for UPRO
  • Buy UPRO on 134.81, target 135.35, Stop Loss at 134.5 Details
  • If 134.81 starts to break higher, technical summary data tells us to buy UPRO just above 134.81, with a bullish target of 135.35. The data also tells us to set a stop loss @ 134.5 in case the stock turns against the trade. 134.81 is the first resistance level above 133.29, and by rule, any breakout above resistance is a buy signal. In this case, 134.81, initial resistance, would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short UPRO near 134.81, target 132.39, Stop Loss @ 135.12. Details
  • Technical summary data suggests UPRO short if it tests 134.81 with a bearish target of 132.39. We should have a stop loss in place at 135.12 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 134.81 is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

UPRO Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Strong Strong Strong
P1 0 0 117.84
P2 132.39 131.35 124.86
P3 134.81 135.35 131.42


UPRO Swing Trading Analysis for September 4, 2021


UPRO Day Trading Analysis for September 4, 2021

This report was produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most timely trading strategies for individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The objective of this specific report is to optimize exchanges by Proshares Ultrapro S & p500 (NASDAQ: UPRO) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of posting, but the support and resistance levels for UPRO change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if UPRO is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate between trading plans for day trading, swing trading and long term investment plans for UPRO as well. All these elements are proposed under the summary table.

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Fundamental graphics for UPRO

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