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Proshares Ultrashort Silver $ZSL Trading Report

Feb 07, 2020 (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 Neutral Neutral Weak
P1 0 0 21.49
P2 26.34 26.31 25.89
P3 27.49 27.55 30.13

Long Term Trading Plans for ZSL

February 7, 2020, 4:30 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 25.89 with an upside target of 30.13. This data also tells us to set a stop loss @ 25.63 to protect against excessive loss in case the stock begins to move against the trade. 25.89 is the first level of support below 26.78 , and by rule, any test of support is a buy signal. In this case, support 25.89 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 30.13 with a downside target of 25.89. We should have a stop loss in place at 30.39 though. 30.13 is the first level of resistance above 26.78, and by rule, any test of resistance is a short signal. In this case, if resistance 30.13 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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