(SRTY) Long-term investment analysis

December 1, 2024, 2:10 PM ET, BY Simon M. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for SRTY

• NONE. Details

There is currently no current support plan that could trigger a purchase of this stock. This usually means that there are no clear support levels at this point, so buying the stock when the price is falling could be seen as catching a falling knife. Buy signals only occur when resistance breaks upwards.
This is often a signal that the stock you are watching is weak. Waiting for a higher turn may be smarter than trying to catch a falling knife. In any case, new support levels are usually incorporated into the database at the beginning of the next trading session.

• Short SRTY just below 15.07, target n/a, stop loss at 15.11 Details

The technical summary data suggests a short of SRTY as it approaches 15.07, but the downside target is not available from the current data. This tells us to hold that position when it is triggered until a new downside target is set (updates occur at the start of each trading session) or until the position is stopped. The summary data shows that on November 15th. there is a stop loss. 15.07 is the first resistance level above 14.86, and basically any test of resistance is a short signal. In this case, if the resistance 15.07 is tested, a short signal would be present.

Swing trading plans for SRTY

• Buy SRTY just above 15.07, target 16, stop loss at 15.03 Details

If 15.07 starts to break out higher, the summary technical data tells us to buy SRTY just above 15.07, with an upside target of 16. The data also tells us to set a stop loss at 15.03 should be placed if the share turns against trading. 15.07 is the first resistance level above 14.86, and basically any break above resistance is a buy signal. In this case, 15.07, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SRTY slightly near 15.07, target 14.1, stop loss at 15.11. Details

Technical summary data suggests shorting SRTY if it tests 15.07, with a downside target of 14.1. However, we should have a stop loss at 15.11 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 15.07 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 SRTY

• Buy SRTY just above 15.07, target 16, stop loss at 15.03 Details

If 15.07 starts to break out higher, the summary technical data tells us to buy SRTY just above 15.07, with an upside target of 16. The data also tells us to set a stop loss at 15.03 should be placed if the share turns against trading. 15.07 is the first resistance level above 14.86, and basically any break above resistance is a buy signal. In this case, 15.07, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short SRTY slightly near 15.07, target 14.19, stop loss at 15.11. Details

Technical summary data suggests shorting SRTY if it tests 15.07, with a downside target of 14.19. However, we should have a stop loss at 15.11 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 15.07 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 Ultrapro Short Russell2000 -3x shares (SRTY) available here: SRTY.

SRTY ratings for December 1st:

AI generated signals for SRTY

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Technically, Proshares Ultrapro Short Russell2000 -3x shares (NASDAQ: SRTY) 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 SRTY 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 SRTY 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 SRTY. All of this is offered below the overview table.