Overall DBC gets a technical rating of 4 out of 10. DBC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
DBC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.85, a Stop Loss order could be placed below this zone.
More info and screens
20.55
4 important support areas can be observed.
- A support zone ranging from 22.26 to 22.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @21.80 from a horizontal line in the daily time frame.
- Support @21.27 from a horizontal line in the weekly time frame.
- Support @20.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.26 to 23.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.75 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for DBC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DBC is neutral. |
| ChartMill Relative Strength | 47.44 | NEUTRAL | DBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DBC is above a declining 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) | 53.51 | NEUTRAL | The RSI value for DBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DBC has a positive trend. |
| Stochastics (14,3) | 69.48 | NEUTRAL | The Stochastics value for DBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for DBC suggests low volalility. |
| Average Directional Index/ADX (14) | 9.13 | NEGATIVE | The low ADX value for DBC suggests a weak or negative trend. |
22.9
+0.02 (+0.09%)
INVESCO DB COMMODITY INDEX T / DBC FAQ
Can you provide the ChartMill technical rating for INVESCO DB COMMODITY INDEX T?
ChartMill assigns a technical rating of 4 / 10 to DBC.
What is the trend direction for DBC stock?
The current trend direction for INVESCO DB COMMODITY INDEX T (DBC) is Bearish.
Can you provide the RSI signal for INVESCO DB COMMODITY INDEX T?
INVESCO DB COMMODITY INDEX T (DBC) has an RSI value of 53.5084. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INVESCO DB COMMODITY INDEX T?
The MACD indicator for INVESCO DB COMMODITY INDEX T (DBC) has a value of 0.0314612, indicating a bearish trend.