INVESCO DB COMMODITY INDEX T (DBC) Technical Analysis
NYSEARCA:DBC • US46138B1035
Current stock price
DBC Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to DBC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DBC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DBC is one of the better performing stocks in the market, outperforming 83% of all stocks.
- DBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DBC has a been trading in the 27.41 - 29.76 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- DBC has an average volume of 1548430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DBC Weekly and Daily overview Charts
DBC Setup Rating and Analysis
DBC 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.78, a Stop Loss order could be placed below this zone.
More info and screens
DBC Support and Resistance Analysis
21.06
5 important support areas can be observed.
- A support zone ranging from 28.50 to 28.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.82 from a trend line in the daily time frame.
- A support zone ranging from 22.69 to 23.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.22 to 22.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.27 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.98 to 29.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
DBC 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 | UP | POSITIVE | The long term trend for DBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBC is up. |
| ChartMill Relative Strength | 83.13 | POSITIVE | DBC has a high relative strength, it outperformed 83.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.26 | NEUTRAL | The RSI value for DBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests DBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.77 | NEUTRAL | The Stochastics value for DBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for DBC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.04 | POSITIVE | The high ADX value value for DBC suggests a strong trend. |
DBC Chart- and CandleStick Pattern Analysis
DBC Example Setup
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 |
|---|---|---|---|
| 29.49 | 28.49 | 1.00 (3.39%) | 25.00% |
| An entry @29.49. This is a Buy Stop order right above the resistance zone. | An exit @28.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.00 points, which is 3.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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.
DBC Technicals: Chart, Performance Metrics, Trend & Indicators
28.96
+0.46 (+1.61%)
INVESCO DB COMMODITY INDEX T / DBC TA FAQ
Can you provide the ChartMill technical rating for INVESCO DB COMMODITY INDEX T?
ChartMill assigns a technical rating of 10 / 10 to DBC.
Can you provide the trend direction for INVESCO DB COMMODITY INDEX T?
The current trend direction for INVESCO DB COMMODITY INDEX T (DBC) is Bullish.
What is the RSI signal for DBC stock?
INVESCO DB COMMODITY INDEX T (DBC) has an RSI value of 58.2629. This indicates that the stock is currently neutral.
What is the short term momentum for INVESCO DB COMMODITY INDEX T (DBC) stock?
The short term momentum for INVESCO DB COMMODITY INDEX T (DBC) is positive.
What are the support and resistance levels for INVESCO DB COMMODITY INDEX T (DBC) stock?
INVESCO DB COMMODITY INDEX T (DBC) has a support level at 28.78 and a resistance level at 28.98. Check the full technical report for our detailed analysis of DBC support and resistance levels.