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Comprehensive non-correlated Proshares Ultra Gold $UGL Trading Report

Oct 17, 2020 (Stock Traders Daily via COMTEX) --

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Strong
P1 0 0 67.93
P2 69.34 69.10 74.06
P3 71.65 71.09 80.49

Long Term Trading Plans for UGL

October 17, 2020, 11:00 pm ET

The Technical Summary and Trading Plans for UGL 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 UGL Report.

UGL - (Long) Support Plan

The technical summary data tells us to buy UGL near 67.93 with an upside target of 74.06. This data also tells us to set a stop loss @ 67.73 to protect against excessive loss in case the stock begins to move against the trade. 67.93 is the first level of support below 69.27 , and by rule, any test of support is a buy signal. In this case, support 67.93 would be being tested, so a buy signal would exist.

UGL - (Short) Resistance Plan

The technical summary data is suggesting a short of UGL as it gets near 74.06 with a downside target of 67.93. We should have a stop loss in place at 74.27 though. 74.06 is the first level of resistance above 69.27, and by rule, any test of resistance is a short signal. In this case, if resistance 74.06 is being tested, so a short signal would exist.


UGL Long Term Analysis


UGL Dividend Chart

UGL PE chart

UGL PEG chart
comtex tracking

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