Overall UUP gets a technical rating of 4 out of 10. In the last year, UUP was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, UUP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.02, a Stop Loss order could be placed below this zone.
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26.58
2 important support areas can be observed.
- A support zone ranging from 27.60 to 28.02. 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 27.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.19 to 28.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for UUP is neutral. |
| ChartMill Relative Strength | 36.77 | NEUTRAL | UUP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UUP is below a declining 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) | 48.62 | NEUTRAL | The RSI value for UUP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests UUP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.38 | OVERSOLD | The low Stochastics value suggests UUP may be oversold. |
| 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) | 17.04 | NEGATIVE | The low ADX value for UUP suggests a weak or negative trend. |
28.12
+0.04 (+0.14%)
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 4 / 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 48.6225. 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 neutral.
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 28.02 and a resistance level at 28.19. Check the full technical report for our detailed analysis of UUP support and resistance levels.