July 05, 2025, 20:02 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HIBS
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
The technical summary data is suggesting a short of HIBS as it gets near 10.57, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 10.6. 10.57 is the first level of resistance above 8.67, and by rule, any test of resistance is a short signal. In this case, if resistance 10.57 is being tested, so a short signal would exist.
Swing Trading Plans for HIBS
If 9.13 begins to break higher, the technical summary data tells us to buy HIBS just slightly over 9.13, with an upside target of 10.57. The data also tells us to set a stop loss @ 9.1 in case the stock turns against the trade. 9.13 is the first level of resistance above 8.67, and by rule, any break above resistance is a buy signal. In this case, 9.13, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of HIBS if it tests 9.13 with a downside target of 8.55. We should have a stop loss in place at 9.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 9.13, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HIBS
If 8.7 begins to break higher, the technical summary data tells us to buy HIBS just slightly over 8.7, with an upside target of 9.13. The data also tells us to set a stop loss @ 8.68 in case the stock turns against the trade. 8.7 is the first level of resistance above 8.67, and by rule, any break above resistance is a buy signal. In this case, 8.7, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of HIBS if it tests 8.7 with a downside target of n/a. We should have a stop loss in place at 8.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 8.7, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Real Time Updates for Repeat Institutional Readers:
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
With an objective approach to Direxion Daily S&p 500 High Beta Bear 3x Shares (NASDAQ: HIBS), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HIBS change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
Read more on Stock Traders Daily
