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UDN
ETF ticker: NYSE ARCA
AS OF
Dec 20, 04:59 PM (EDT)
Price
$17.69
Change
+$0.06 (+0.34%)
Net Assets
53.73M

UDN Invesco DB US Dollar Bearish Forecast, Technical & Fundamental Analysis

Category Trading
UDN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for UDN with price predictions
Dec 20, 2024

UDN in +0.81% Uptrend, growing for three consecutive days on December 05, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where UDN advanced for three days, in of 274 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where UDN's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

UDN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UDN as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for UDN turned negative on December 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 50-day moving average for UDN moved below the 200-day moving average on December 11, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UDN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for UDN entered a downward trend on December 04, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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UDN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Miscellaneous
Address
INVESCO DB US DOLLAR INDEX BEARISH FUND3500 LACEY ROAD
Phone
800-983-0903
Web
N/A
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UDN and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, UDN has been closely correlated with IGOV. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if UDN jumps, then IGOV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UDN
1D Price
Change %
UDN100%
+0.34%
IGOV - UDN
83%
Closely correlated
+0.73%
BWX - UDN
81%
Closely correlated
+0.65%
WIP - UDN
72%
Closely correlated
+0.83%
YCL - UDN
68%
Closely correlated
+0.94%
ULE - UDN
27%
Poorly correlated
+1.15%
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