Taking everything into account, DBBR scores 1 out of 10 in our technical rating. DBBR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of DBBR 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
11.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.95 to 12.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.75 from a trend line in the daily time frame.
- Support @11.38 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.19 to 13.83. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for DBBR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DBBR is down. |
| ChartMill Relative Strength | 56.09 | NEUTRAL | DBBR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DBBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DBBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DBBR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.78 | OVERSOLD | The low RSI value suggests DBBR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests DBBR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.77 | OVERSOLD | The low Stochastics value suggests DBBR may be oversold. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for DBBR suggests low volalility. |
Db-X Msci Brazil Currency Hedge
NYSEARCA:DBBR (5/31/2018, 8:47:51 PM)
12.06
+0.01 (+0.08%)
Db-X Msci Brazil Currency Hedge / DBBR FAQ
What is the ChartMill technical rating of Db-X Msci Brazil Currency Hedge (DBBR) stock?
ChartMill assigns a technical rating of 1 / 10 to DBBR.
What is the current trend direction of Db-X Msci Brazil Currency Hedge (DBBR) stock?
The current trend direction for Db-X Msci Brazil Currency Hedge (DBBR) is Bearish.
What is the RSI signal for Db-X Msci Brazil Currency Hedge (DBBR) stock?
Db-X Msci Brazil Currency Hedge (DBBR) has an RSI value of 27.7842. This indicates that the stock is currently oversold.
What is the support and resistance level for DBBR stock?
Db-X Msci Brazil Currency Hedge (DBBR) has a support level at 12.05 and a resistance level at 13.19. Check the full technical report for our detailed analysis of DBBR support and resistance levels.