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

Oct 18, 2020 (Stock Traders Daily via COMTEX) --

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 0 0 24.88
P2 25.35 25.27 25.53
P3 0 26.32

Long Term Trading Plans for UUP

October 18, 2020, 2:00 am ET

The Technical Summary and Trading Plans for UUP 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 UUP Report.

UUP - (Long) Support Plan

The technical summary data tells us to buy UUP near 24.88 with an upside target of 25.53. This data also tells us to set a stop loss @ 24.81 to protect against excessive loss in case the stock begins to move against the trade. 24.88 is the first level of support below 25.29 , and by rule, any test of support is a buy signal. In this case, support 24.88 would be being tested, so a buy signal would exist.

UUP - (Short) Resistance Plan

The technical summary data is suggesting a short of UUP as it gets near 25.53 with a downside target of 24.88. We should have a stop loss in place at 25.6 though. 25.53 is the first level of resistance above 25.29, and by rule, any test of resistance is a short signal. In this case, if resistance 25.53 is being tested, so a short signal would exist.


UUP Long Term Analysis


UUP Dividend Chart

UUP PE chart

UUP PEG chart
comtex tracking

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