pool adsInvesco Db Us Dollar Index $UUP Trading Report
The Invesco Db Us Dollar Index (NYSE: UUP) 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 UUP, 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 |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 0 | 0 | 26.16 |
| P2 | 26.68 | 26.61 | 26.81 |
| P3 | 26.98 | 27.57 | 27.50 |
Support and Resistance Plot Chart for UUP
Long Term Trading Plans for UUP
April 2, 2020, 12:45 pm 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 26.81 with an upside target of 27.50. This data also tells us to set a stop loss @ 26.55 to protect against excessive loss in case the stock begins to move against the trade. 26.81 is the first level of support below 27.14 , and by rule, any test of support is a buy signal. In this case, support 26.81 is being tested, a buy signal would exist.
UUP - (Short) Resistance Plan
The technical summary data is suggesting a short of UUP as it gets near 27.50 with a downside target of 26.81. We should have a stop loss in place at 27.76 though. 27.50 is the first level of resistance above 27.14, and by rule, any test of resistance is a short signal. In this case, if resistance 27.50 is being tested, a short signal would exist.
