PowerShares DB Base Metals Dble Shrt ETN (BOM) Technical Analysis
NYSEARCA:BOM
Current stock price
BOM Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BOM. BOM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BOM is a bad performer in the overall market: 95% of all stocks are doing better.
- In the last month BOM has a been trading in the 7.99 - 11.46 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: BOM has an average volume of 632 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- BOM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BOM is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
BOM Weekly and Daily overview Charts
BOM Setup Rating and Analysis
The technical rating of BOM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BOM Support and Resistance Analysis
6.76
3 important support areas can be observed.
- Support @7.97 from a horizontal line in the weekly time frame.
- Support @7.57 from a trend line in the daily time frame.
- Support @6.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.65 to 8.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.89 from a trend line in the daily time frame.
- Resistance @11.35 from a trend line in the daily time frame.
BOM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BOM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOM is down. |
| ChartMill Relative Strength | 5.61 | NEGATIVE | BOM has a low relative strength, it was outperformed by 94.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.63 | NEUTRAL | The RSI value for BOM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BOM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.52 | OVERSOLD | The low Stochastics value suggests BOM may be oversold. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for BOM suggests some volalility. |
BOM Chart- and CandleStick Pattern Analysis
BOM Technicals: Chart, Performance Metrics, Trend & Indicators
PowerShares DB Base Metals Dble Shrt ETN
NYSEARCA:BOM (4/1/2019, 8:04:01 PM)
7.985
0 (0%)
PowerShares DB Base Metals Dble Shrt ETN / BOM TA FAQ
Can you provide the ChartMill technical rating for PowerShares DB Base Metals Dble Shrt ETN?
ChartMill assigns a technical rating of 0 / 10 to BOM.
What is the trend direction for BOM stock?
The current trend direction for PowerShares DB Base Metals Dble Shrt ETN (BOM) is Bearish.
What is the RSI signal for BOM stock?
PowerShares DB Base Metals Dble Shrt ETN (BOM) has an RSI value of 32.6251. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PowerShares DB Base Metals Dble Shrt ETN?
The short term momentum for PowerShares DB Base Metals Dble Shrt ETN (BOM) is negative.
What is the support and resistance level for BOM stock?
PowerShares DB Base Metals Dble Shrt ETN (BOM) has a support level at 7.97 and a resistance level at 8.65. Check the full technical report for our detailed analysis of BOM support and resistance levels.