When Proshares Ultra Health Care (RXL) Moves Investors should Listen


Source: Stock Traders Daily

Longer Term Trading Plans for RXL

  • NONE. Details
  • 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.

  • Short RXL under 92.39, target n/a, stop loss @ 92.66 Details
  • The technical summary data is suggesting a short of RXL as it gets near 92.39, 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 92.66. 92.39 is the first level of resistance above 90.552, and by rule, any test of resistance is a short signal. In this case, if resistance 92.39 is being tested, so a short signal would exist.

Swing Trading Plans for RXL

  • Buy RXL over 92.39, target 95.13, Stop Loss @ 92.12 Details
  • If 92.39 begins to break higher, the technical summary data tells us to buy RXL just over 92.39, with an upside target of 95.13. The data also tells us to set a stop loss @ 92.12 in case the stock turns against the trade. 92.39 is the first level of resistance above 90.552, and by rule, any break above resistance is a buy signal. In this case, 92.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RXL near 92.39, target n/a, Stop Loss @ 92.66. Details
  • The technical summary data is suggesting a short of RXL if it tests 92.39 with a downside target of n/a. We should have a stop loss in place at 92.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RXL

  • Buy RXL over 92.39, target 95.13, Stop Loss @ 92.17 Details
  • If 92.39 begins to break higher, the technical summary data tells us to buy RXL just over 92.39, with an upside target of 95.13. The data also tells us to set a stop loss @ 92.17 in case the stock turns against the trade. 92.39 is the first level of resistance above 90.552, and by rule, any break above resistance is a buy signal. In this case, 92.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RXL near 92.39, target n/a, Stop Loss @ 92.61. Details
  • The technical summary data is suggesting a short of RXL if it tests 92.39 with a downside target of n/a. We should have a stop loss in place at 92.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RXL Technical Summary | Raw Data for the Trading Plans







Term → Near Mid
Long
Bias Weak Weak Neutral
P1 0 0 92.39
P2 98.80 95.13 101.90
P3 109.21 103.80 111.10


RXL Swing Trading Analysis for May 1 2022


RXL Day Trading Analysis for May 1 2022

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Proshares Ultra Health Care (NYSE: RXL) report below is a real world example. Included are trading plans for RXL, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

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Fundamental Charts for RXL





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