INVESCO DB BASE METALS FUND (DBB) Stock Technical Analysis
NYSEARCA:DBB • US46140H7008
Taking everything into account, DBB scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DBB is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DBB did better than 76% of all other stocks. We also observe that the gains produced by DBB over the past year are nicely spread over this period.
- 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 23.07 - 26.02 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
DBB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 23.88, a Stop Loss order could be placed below this zone.
More info and screens
21.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.96 to 23.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.05 from a trend line in the daily time frame.
- Support @21.51 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @24.28 from a horizontal line in the weekly time frame.
- Resistance @25.10 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 | 76.03 | POSITIVE | DBB has a high relative strength, it outperformed 76.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DBB is above a declining 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) | 53.69 | NEUTRAL | The RSI value for DBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DBB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.03 | NEUTRAL | The Stochastics value for DBB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for DBB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.98 | NEGATIVE | The low ADX value for DBB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.29 | 23.06 | 1.23 (5.06%) | 19.75% |
| An entry @24.29. This is a Buy Stop order right above the resistance zone. | An exit @23.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.23 points, which is 5.06%. | For a 1.00% total portfolio risk, you can invest 19.75% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.04
+0.35 (+1.48%)
INVESCO DB BASE METALS FUND / DBB FAQ
Can you provide the ChartMill technical rating for INVESCO DB BASE METALS FUND?
ChartMill assigns a technical rating of 8 / 10 to DBB.
What is the trend direction for DBB stock?
The current trend direction for INVESCO DB BASE METALS FUND (DBB) is Bullish.
What is the RSI signal for INVESCO DB BASE METALS FUND (DBB) stock?
INVESCO DB BASE METALS FUND (DBB) has an RSI value of 53.6904. This indicates that the stock is currently neutral.
What is the short term momentum for DBB stock?
The short term momentum for INVESCO DB BASE METALS FUND (DBB) is positive.
Can you provide the buy/sell signal for INVESCO DB BASE METALS FUND?
The buy/sell signal for INVESCO DB BASE METALS FUND (DBB) is buy as both the short term and long term trends are positive.