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UUP
ETF ticker: NYSE ARCA
AS OF
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Net Assets
529.25M

UUP Invesco DB US Dollar Bullish Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UUP with price predictions
08:00 PM EDT Sep 28, 2023

UUP's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for UUP turned positive on September 22, 2023. Looking at past instances where UUP's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on August 31, 2023. You may want to consider a long position or call options on UUP as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UUP advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 250 cases where UUP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for UUP moved out of overbought territory on September 28, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

UUP broke above its upper Bollinger Band on September 25, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to establish long positions in ICE U.S. Dollar Index futures contracts with a view to tracking the changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index — Excess ReturnTM over time, plus the excess, if any, of the sum of the fund’s Treasury Income, Money Market Income and T-Bill ETF Income over the expenses of the fund. The fund invests in futures contracts in an attempt to track its index. The index is calculated to reflect the changes in market value over time, whether positive or negative, of long positions in DX Contracts.
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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 Bullish Fund3500 LACEY ROAD
Phone
800-983-0903
Web
N/A
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UUP and

Correlation & Price change

A.I.dvisor indicates that over the last year, UUP has been closely correlated with EUO. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if UUP jumps, then EUO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UUP
1D Price
Change %
UUP100%
+0.07%
EUO - UUP
97%
Closely correlated
-0.16%
USDU - UUP
95%
Closely correlated
+0.18%
YCS - UUP
65%
Loosely correlated
+0.35%
SPKX - UUP
27%
Poorly correlated
+1.40%
SPKY - UUP
27%
Poorly correlated
+2.40%
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