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Proshares Ultrashort Silver $ZSL Technical Update

Jul 10, 2019 (Stock Traders Daily via COMTEX) --

The Proshares Ultrashort Silver (NYSE: ZSL) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for ZSL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Bias Strong Weak Neutral
P1 38.73 36.46 33.84
P2 39.37 39.59 39.09
P3 40.20 42.71 44.41

Long Term Trading Plans for ZSL

July 10, 2019, 8:45 am ET

The Technical Summary and Trading Plans for ZSL 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 ZSL Report.

ZSL - (Long) Support Plan

The technical summary data tells us to buy ZSL near 39.09 with an upside target of 44.41. This data also tells us to set a stop loss @ 38.83 to protect against excessive loss in case the stock begins to move against the trade. 39.09 is the first level of support below 39.2134 , and by rule, any test of support is a buy signal. In this case, support 39.09 is being tested, a buy signal would exist.

ZSL - (Short) Resistance Plan

The technical summary data is suggesting a short of ZSL as it gets near 44.41 with a downside target of 39.09. We should have a stop loss in place at 44.67 though. 44.41 is the first level of resistance above 39.2134, and by rule, any test of resistance is a short signal. In this case, if resistance 44.41 is being tested, a short signal would exist.

ZSL Long Term Analysis

ZSL Dividend Chart

ZSL PE chart

ZSL PEG chart

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