INVESCO DB BASE METALS FUND (DBB) Stock Technical Analysis
USA - NYSEARCA:DBB - US46140H7008 - ETF
20.82 USD
-0.48 (-2.25%)
20.81 USD
-0.01 (-0.05%)
Taking everything into account, DBB scores 8 out of 10 in our technical rating. Although DBB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
DBB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DBB is lagging the market slightly.
In the last month DBB has a been trading in the 19.95 - 21.53 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, DBB outperforms 57% of them, which is more or less in line with the market.
Although DBB has an excellent technical rating, it does not offer a high 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
17.96
21.51
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.41 to 20.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.35 from a horizontal line in the daily time frame.
- Support @19.00 from a horizontal line in the daily time frame.
- Support @18.55 from a horizontal line in the daily time frame.
- Support @18.14 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.89 to 20.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.30 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for DBB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBB is up. |
| ChartMill Relative Strength | 57.76 | NEUTRAL | DBB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.78 | NEUTRAL | The RSI value for DBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DBB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.91 | NEUTRAL | The Stochastics value for DBB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for DBB suggests low volalility. |
| Average Directional Index/ADX (14) | 25.97 | POSITIVE | The high ADX value value for DBB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
20.82
-0.48 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.25%
1 Week-0.67%
2 Weeks2.92%
1 Month2.11%
3 Month8.61%
6 Month14.93%
12 Month-0.86%
2 Year13.71%
3 Year18.43%
5 Year33.55%
10 Year67.63%
15 Year-8.48%
Volatility
ATR(14)0.28
ATR(20)%1.27%
ATR Inc170.82%
Range Today0.69
ADR(20)0.22
ADR(20)%1.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.76
Mansfield-0.15
10 Day High21.53
10 Day Low20.4
20 Day High21.53
20 Day Low19.95
52 Week High21.53
52 Week Low17.13
CS1 End20.59
CR1 Start20.89
Volume & EV
DER(3)1.6%
DER(5)-0.82%
Volume41.80K
Volume Incr10.37%
Vol(5)58.94K
Vol(50)49.89K