INVESCO DB US DOLLAR INDEX B (UUP) Stock Technical Analysis
USA - NYSEARCA:UUP - US46141D2036 - ETF
Overall UUP gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, UUP is a bad performer.
UUP has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
26.58
We found 2 important support areas.
- A support zone ranging from 27.60 to 28.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.85 to 27.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @28.65 from a horizontal line in the daily time frame.
- A resistance zone ranging from 30.50 to 30.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for UUP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UUP is up. |
| ChartMill Relative Strength | 38.4 | NEUTRAL | UUP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UUP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UUP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UUP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.06 | NEUTRAL | The RSI value for UUP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests UUP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.24 | NEUTRAL | The Stochastics value for UUP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for UUP suggests low volalility. |
| Average Directional Index/ADX (14) | 26 | POSITIVE | The high ADX value value for UUP suggests a strong trend. |
28.16
-0.02 (-0.07%)
INVESCO DB US DOLLAR INDEX B / UUP FAQ
What is the ChartMill technical rating of INVESCO DB US DOLLAR INDEX B (UUP) stock?
ChartMill assigns a technical rating of 6 / 10 to UUP.
What is the current trend direction of INVESCO DB US DOLLAR INDEX B (UUP) stock?
The current trend direction for INVESCO DB US DOLLAR INDEX B (UUP) is Bullish.
What is the RSI signal for UUP stock?
INVESCO DB US DOLLAR INDEX B (UUP) has an RSI value of 61.0595. This indicates that the stock is currently neutral.
What is the short term momentum for INVESCO DB US DOLLAR INDEX B (UUP) stock?
The short term momentum for INVESCO DB US DOLLAR INDEX B (UUP) is positive.
What are the support and resistance levels for INVESCO DB US DOLLAR INDEX B (UUP) stock?
INVESCO DB US DOLLAR INDEX B (UUP) has a support level at 28.13 and a resistance level at 28.65. Check the full technical report for our detailed analysis of UUP support and resistance levels.