UDN Stock Tickeron detected bearish ETF Pattern: Cup-and-Handle Inverse UDN on January 10, 2024, netting in a 1.86% gain over 4 weeks

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UDN - Invesco DB US Dollar Bearish

Ticker: UDN

Company: Invesco DB US Dollar Bearish

Gain from shortening: +1.86%

Confirmed: 01/10/24

Succeeded: 02/05/24

Total length: 28 days

UDN sees MACD Histogram just turned negative

UDN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 11, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UDN as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

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 November 20, 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.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for UDN's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UDN advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .

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