INVESCO DB BASE METALS FUND (DBB) Stock Technical Analysis
NYSEARCA:DBB - NYSE Arca - US46140H7008 - ETF - Currency: USD
Overall DBB gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. DBB was also a bad performer in the overall market in the last year.
Although the technical rating is bad, DBB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DBB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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17.53
We found 2 important support areas.
- A support zone ranging from 18.37 to 18.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.71 to 17.89. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 18.90 to 19.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.53 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.34 to 21.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 DBB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBB is up. |
| ChartMill Relative Strength | 29.36 | NEGATIVE | DBB has a low relative strength, it was outperformed by 70.64% off all stocks 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) | DOWN | NEGATIVE | The current price of DBB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.02 | NEUTRAL | The RSI value for DBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DBB has a positive trend. |
| Stochastics (14,3) | 86.99 | OVERBOUGHT | The high Stochastics value suggests DBB may be overbought. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for DBB suggests low volalility. |
| Average Directional Index/ADX (14) | 9.96 | NEGATIVE | The low ADX value for DBB suggests a weak or negative trend. |
NYSEARCA:DBB (6/20/2025, 12:23:09 PM)
18.7836
-0.05 (-0.25%)