July 12, 2019 - 8:15 PM EDT
Proshares Short Dow30 $DOG Technical Update
Proshares Short Dow30 $DOG Technical Update

The Proshares Short Dow30 (NYSE: DOG) 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 DOG, 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 Neutral Weak Neutral
P1 52.52 51.56 50.10
P2 52.79 53.97 53.54
P3 53.15 56.56 57.44

Long Term Trading Plans for DOG

July 12, 2019, 8:15 pm ET

The Technical Summary and Trading Plans for DOG 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 DOG Report.

DOG - (Long) Support Plan

The technical summary data tells us to buy DOG near 50.10 with an upside target of 53.54. This data also tells us to set a stop loss @ 49.84 to protect against excessive loss in case the stock begins to move against the trade. 50.10 is the first level of support below 52.02 , and by rule, any test of support is a buy signal. In this case, support 50.10 would be being tested, so a buy signal would exist.

DOG - (Short) Resistance Plan

The technical summary data is suggesting a short of DOG as it gets near 53.54 with a downside target of 50.10. We should have a stop loss in place at 53.8 though. 53.54 is the first level of resistance above 52.02, and by rule, any test of resistance is a short signal. In this case, if resistance 53.54 is being tested, so a short signal would exist.

DOG Long Term Analysis

DOG Dividend Chart

DOG PE chart

DOG PEG chart

Source: Stock Traders Daily (July 12, 2019 - 8:15 PM EDT)