Technical Analysis for UDN - PowerShares DB USD Index Bearish

Grade Last Price % Change Price Change
F 17.71 -0.23% -0.04
UDN closed down 0.23 percent on Thursday, April 18, 2024, on 51 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Cup with Handle Other 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -0.23%
Lower Bollinger Band Walk Weakness -0.23%
Gapped Up Strength -0.23%
Oversold Stochastic Weakness -0.23%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 18 hours ago
Possible Inside Day about 18 hours ago
60 Minute Opening Range Breakdown about 19 hours ago
60 Minute Opening Range Breakout 1 day ago
Up 1 ATR 2 days ago

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Profile

PowerShares DB USD Index Bearish Description

The PowerShares DB US Dollar Bearish Fund (Symbol: UDN) seeks to track changes, whether positive or negative, in the level of the Deutsche Bank Short US Dollar Index (USDX®) Futures Index — Excess Return™ (DB Short USD Futures Index) plus the interest income from the Fund’s holdings of U.S. Treasury securities less the Fund’s expenses. DB Commodity Services LLC serves as the managing owner of the Fund. The Fund is designed for investors who want a cost effective and convenient way to track the value of the U.S. dollar relative to a basket of the six major world currencies — the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc (collectively, the "Basket Currencies"). The Index is a rules-based index composed solely of short U.S. Dollar Index futures contracts that trade on the ICE futures exchange (USDX® futures contracts). The USDX® futures contract is designed to replicate the performance of being short the U.S. dollar against the Basket Currencies. This Fund is not suitable for all investors due to the speculative nature of an investment based upon the Fund’s trading which takes place in very volatile markets. Because an investment in futures contracts is volatile, such frequency in the movement in market prices of the underlying futures contracts could cause large losses. Please see "Important Considerations" and the Prospectus for additional risk disclosures


Classification

Keywords: Exchange Traded Fund ETF U.S. Treasury Invesco Powershares Inverse ETF Bear Market ETF Futures Markets Bearish Managed Futures Account Japanese Yen Futures Exchange Swiss Franc Swedish Krona U.S. Dollar Index

Is UDN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 18.52
52 Week Low 17.2495
Average Volume 37,460
200-Day Moving Average 17.92
50-Day Moving Average 18.01
20-Day Moving Average 17.92
10-Day Moving Average 17.85
Average True Range 0.08
RSI (14) 35.06
ADX 19.65
+DI 19.23
-DI 37.95
Chandelier Exit (Long, 3 ATRs) 17.94
Chandelier Exit (Short, 3 ATRs) 17.90
Upper Bollinger Bands 18.20
Lower Bollinger Band 17.65
Percent B (%b) 0.11
BandWidth 3.05
MACD Line -0.10
MACD Signal Line -0.06
MACD Histogram -0.0308
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.77
Resistance 3 (R3) 17.78 17.76 17.76
Resistance 2 (R2) 17.76 17.75 17.76 17.76
Resistance 1 (R1) 17.74 17.74 17.73 17.73 17.75
Pivot Point 17.72 17.72 17.72 17.72 17.72
Support 1 (S1) 17.70 17.71 17.69 17.69 17.67
Support 2 (S2) 17.68 17.70 17.68 17.66
Support 3 (S3) 17.66 17.68 17.66
Support 4 (S4) 17.65