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Comprehensive non-correlated Invesco Db Us Dollar Index $UDN Trading Report

Oct 17, 2020 (Stock Traders Daily via COMTEX) --

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 0 0 20.07
P2 21.05 21.06 20.68
P3 0 21.21

Long Term Trading Plans for UDN

October 17, 2020, 10:00 pm 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 20.68 with an upside target of 21.21. This data also tells us to set a stop loss @ 20.62 to protect against excessive loss in case the stock begins to move against the trade. 20.68 is the first level of support below 20.94 , and by rule, any test of support is a buy signal. In this case, support 20.68 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 21.21 with a downside target of 20.68. We should have a stop loss in place at 21.27 though. 21.21 is the first level of resistance above 20.94, and by rule, any test of resistance is a short signal. In this case, if resistance 21.21 is being tested, a short signal would exist.


UDN Long Term Analysis


UDN Dividend Chart

UDN PE chart

UDN PEG chart
comtex tracking

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