USA30 weekly uptrend opportunity based On 1.00 Lot Calculation:
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DESCRIPTION: The USA30 is a price weighted index of the 30 most prominent companies listed in the United States. Its constituents are all profitable pillars of the American economy. Financial companies make up 18.4% of its value, healthcare related companies account for 16.2%, and energy and chemical related companies comprise 6.9% of the index’s value.
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RELATIVE VALUE: The USA30 trades at a lower multiple than the USA500 and USA100 indices in the United States. The Price to Earnings ratio of the USA30 is just 17.78 compared to nearly 20.48 for the USA500 and 26.15 for the USA100.
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USA30 COMPONENTS: The component companies of the USA30 are not dependent on rolling debt to finance their operations. The financial and energy related companies in the index could benefit from a rising interest rate environment. Many of these larger companies will take advantage of their debt soaked competitors and acquire them at good prices when they are unable to rollover their debts.
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TECHNICAL ANALYSIS: The USA30’s Weekly Relative Strength Indicator (RSI) and Weekly Stochastic Indicators are flashing an oversold signal and the USA30 may be poised for a strong bounce from this level.
USA30, May 20, 2022
Current Price: 31,500.00
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USA30 |
Weekly |
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Trend direction |
|
|
35,500 |
|
|
34,000 |
|
|
32,700 |
|
|
30,400 |
|
|
29,300 |
|
|
28,000 |
Example of calculation base on daily trend direction for 1.00 Lot1
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USA30 |
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Pivot Points |
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Profit or loss in $ |
40,000.00 |
25,000.00 |
12,000.00 |
-11,000.00 |
-22,000.00 |
-35,000.00 |
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Profit or loss in €2 |
37,807.18 |
23,629.49 |
11,342.16 |
-10,396.98 |
-20,793.95 |
-33,081.29 |
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Profit or loss in £2 |
32,075.96 |
20,047.47 |
9,622.79 |
-8,820.89 |
-17,641.78 |
-28,066.46 |
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Profit or loss in C$2 |
51,134.40 |
31,959.00 |
15,340.32 |
-14,061.96 |
-28,123.92 |
-44,742.60 |
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1.00 lot is equivalent of 10 units
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Calculations for exchange rate used as of 10:48 (GMT+1) 20/05/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique can protect the profit – Ask your Client Manager for more details.