October 6, 2018 - 5:45 PM EDT
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Proshares Ultrashort Oil & Gas $DUG Technical Update

Proshares Ultrashort Oil & Gas $DUG Technical Update

The Proshares Ultrashort Oil & Gas (NYSE: DUG) 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 DUG, 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 Weak Weak Neutral
P1 28.25 27.98 22.60
P2 28.68 30.51 28.46
P3 29.25 33.19 34.80

Long Term Trading Plans for DUG

October 6, 2018, 5:45 pm ET

The Technical Summary and Trading Plans for DUG 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 DUG Report.

DUG - (Long) Support Plan

Buy over 28.46 target 34.80 stop loss @ 28.2.
The technical summary data tells us to buy DUG near 28.46 with an upside target of 34.80. This data also tells us to set a stop loss @ 28.2 to protect against excessive loss in case the stock begins to move against the trade. 28.46 is the first level of support below 28.76 , and by rule, any test of support is a buy signal. In this case, support 28.46 is being tested, a buy signal would exist.

DUG - (Short) Resistance Plan

Short under 34.80 target 28.46 stop loss @ 35.06
The technical summary data is suggesting a short of DUG as it gets near 34.80 with a downside target of 28.46. We should have a stop loss in place at 35.06 though. 34.80 is the first level of resistance above 28.76, and by rule, any test of resistance is a short signal. In this case, if resistance 34.80 is being tested, a short signal would exist.

DUG Long Term Analysis

DUG Dividend Chart

DUG PE chart

DUG PEG chart

Source: Stock Traders Daily (October 6, 2018 - 5:45 PM EDT)

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