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Invesco Db Us Dollar Index $UDN Technical Update

Jul 09, 2019 (Stock Traders Daily via COMTEX) --

The Invesco Db Us Dollar Index (NYSE: UDN) 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 UDN, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 20.80 20.52 20.33
P2 20.78 20.60
P3 0 21.04 20.87

Long Term Trading Plans for UDN

July 9, 2019, 11:30 am ET

The Technical Summary and Trading Plans for UDN 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 UDN Report.

UDN - (Long) Support Plan

The technical summary data tells us to buy UDN near 20.60 with an upside target of 20.87. This data also tells us to set a stop loss @ 20.34 to protect against excessive loss in case the stock begins to move against the trade. 20.60 is the first level of support below 20.6345 , and by rule, any test of support is a buy signal. In this case, support 20.60 is being tested, a buy signal would exist.

UDN - (Short) Resistance Plan

The technical summary data is suggesting a short of UDN as it gets near 20.87 with a downside target of 20.60. We should have a stop loss in place at 21.13 though. 20.87 is the first level of resistance above 20.6345, and by rule, any test of resistance is a short signal. In this case, if resistance 20.87 is being tested, a short signal would exist.


UDN Long Term Analysis


UDN Dividend Chart

UDN PE chart

UDN PEG chart

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