PowerShares DB US Dollar Bullish ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
PowerShares DB US Dollar Bullish ETF price down 0.311% on Wednesday
(Updated on Apr 17, 2024)
The PowerShares DB US Dollar Bullish ETF price fell by -0.311% on the last day (Wednesday, 17th Apr 2024) from $28.93 to $28.84. During the last trading day the ETF fluctuated 0.407% from a day low at $28.80 to a day high of $28.92. The price has risen in 6 of the last 10 days and is up by 1.87% over the past 2 weeks. Volume has increased on the last day by 124 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $37.17 million.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $28.94 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.89% during the next 3 months and, with a 90% probability hold a price between $28.93 and $29.78 at the end of this 3-month period.
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UUP Signals & Forecast
The PowerShares DB US Dollar Bullish ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.71 and $28.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -0.311%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Friday, March 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 28, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, March 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 28, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, March 15, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, July 28, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for PowerShares DB US Dollar Bullish ETF
PowerShares DB US Dollar Bullish finds support from accumulated volume at $28.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.117 between high and low, or 0.407%. For the last week the ETF has had daily average volatility of 0.329%.
Our recommended stop-loss: $28.08 (-2.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (UUP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect PowerShares DB US Dollar Bullish ETF to open at $28.85, and during the day (based on 14 day Average True Range), to move between $28.72 and $28.96, which gives a possible trading interval of +/-$0.124 (+/-0.43%) up or down from last closing price. If PowerShares DB US Dollar Bullish ETF takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.89 (0.17%) than the support at $28.09 (2.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PowerShares DB US Dollar Bullish ETF ETF A Buy?
PowerShares DB US Dollar Bullish holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.692 Hold/Accumulate Unchanged
Predicted Opening Price for PowerShares DB US Dollar Bullish ETF of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $28.85 ( 0.0431%) | $28.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UUP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.97 | 0.450 % | |
| R2 | 28.92 | 0.294 % | ||
| R1 | 28.90 | 0.198 % | ||
| Current price: | 28.84 | |||
| Support | S1 | 28.81 | -0.112 % | |
| S2 | 28.78 | -0.208 % | ||
| S3 | 28.74 | -0.364 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 28.93 | 0.312 % | ||
| R1 | 28.89 | 0.173 % | ||
| Current price | 28.84 | |||
| Support | S1 | 28.09 | -2.60% | |
| S2 | 28.01 | -2.88% | ||
| S3 | 27.78 | -3.68% |
UUP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $1.75 | 6.39% |
| 2 | Jan 24, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.247 | 0.88% |
| 3 | Jan 18, 2019 | Dec 23, 2019 | Dec 31, 2019 | $0.526 | 2.03% |
| 4 | Dec 21, 2018 | Dec 24, 2018 | Dec 31, 2018 | $0.276 | 1.08% |
| 5 | Dec 18, 2017 | Dec 18, 2017 | Dec 18, 2017 | $0.0230 | 0.0944% |
FAQ
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