(RXL) Long-term investment analysis

December 1, 2024, 12:38 PM ET, BY Chris – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for RXL

• Buy RXL near 50.63 and target a stop loss of 54.63 at 50.48 Details

The technical summary data tells us to buy RXL at around 50.63, with an upside target of 54.63. This data also tells us to set a stop loss at 50.48 to protect ourselves from excessive losses in case the stock starts moving against the trade. 50.63 is the first level of support below 50.6312 and basically any test of support is a buy signal. In this case the support 50.63 would be tested, so a buy signal would be present.

• Short RXL slightly below 54.63, target 50.63, stop loss at 54.79 Details

Technical summary data suggests a short RXL reading as it approaches 54.63 with a downside target at 50.63. However, we should have a stop loss at 54.79. 54.63 is the first resistance level above 50.6312, and basically any test of resistance is a short signal. In this case, if the resistance 54.63 is tested, a short signal is present.

Swing trading plans for RXL

• Buy RXL slightly above 54.63, target 58.54, stop loss at 54.47 Details

If 54.63 starts to break higher, the technical summary data tells us to buy RXL just above 54.63 with an upside target of 58.54. The data also tells us to set a stop loss at 54.47 in case the stock turns against the trade. 54.63 is the first resistance level above 50.6312 and basically any break above resistance is a buy signal. In this case, 54.63, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short RXL slightly near 54.63, target 50.63, stop loss at 54.79. Details

Technical summary data suggests shorting RXL if it tests 54.63, with a downside target of 50.63. However, we should have a stop loss at 54.79 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 54.63 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for RXL

• Buy RXL slightly above 51.06, target 54.63, stop loss at 50.94 Details

If 51.06 starts to break higher, the technical summary data tells us to buy RXL just above 51.06 with an upside target of 54.63. The data also tells us to set a stop loss at 50.94 in case the stock turns against the trade. 51.06 is the first resistance level above 50.6312 and basically any break above resistance is a buy signal. In this case, 51.06, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short RXL slightly near 51.06, target 50.63, stop loss at 51.18. Details

Technical summary data suggests shorting RXL if it tests 51.06, with a downside target of 50.63. However, we should have a stop loss at 51.18 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 51.06 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Proshares Ultra Health Care 2x shares (RXL) available here: RXL.

RXL ratings for December 1st:

AI generated signals for RXL

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Technically, Proshares Ultra Health Care 2x shares (NYSE: RXL) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when RXL tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for RXL. All of this is offered below the overview table.