August 23, 2018 - 10:45 PM EDT
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PROSHARES ULTRA OIL & GAS $DIG Technical Update

PROSHARES ULTRA OIL & GAS $DIG Technical Update

The PROSHARES ULTRA OIL & GAS (NYSE: DIG) 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 DIG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Strong Weak Neutral
P1 40.02 38.84 35.14
P2 40.89 41.64 42.97
P3 41.70 44.27 50.57

Long Term Trading Plans for DIG

August 23, 2018, 10:45 pm ET

The Technical Summary and Trading Plans for DIG 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 DIG Report.

DIG - (Long) Support Plan

Buy over 35.14 target 42.97 stop loss @ 34.88.
The technical summary data tells us to buy DIG near 35.14 with an upside target of 42.97. This data also tells us to set a stop loss @ 34.88 to protect against excessive loss in case the stock begins to move against the trade. 35.14 is the first level of support below 41 , and by rule, any test of support is a buy signal. In this case, support 35.14 would be being tested, so a buy signal would exist.

DIG - (Short) Resistance Plan

Short under 42.97 target 35.14 stop loss @ 43.23.
The technical summary data is suggesting a short of DIG as it gets near 42.97 with a downside target of 35.14. We should have a stop loss in place at 43.23 though. 42.97 is the first level of resistance above 41, and by rule, any test of resistance is a short signal. In this case, if resistance 42.97 is being tested, so a short signal would exist.


DIG Long Term Analysis

DIG Dividend Chart

DIG PE chart

DIG PEG chart


Source: Stock Traders Daily (August 23, 2018 - 10:45 PM EDT)

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