INVESCO DB COMMODITY INDEX T (DBC) Stock Technical Analysis
NYSEARCA:DBC - NYSE Arca - US46138B1035 - ETF - Currency: USD
Overall DBC gets a technical rating of 1 out of 10. DBC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, DBC is a bad performer in the overall market: 64% of all stocks are doing better.
DBC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DBC is lagging the market.
In the last month DBC has a been trading in a tight range between 21.59 and 22.75.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DBC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.91. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DBC 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.
More info and screens
19.96
23.99
We found 2 important support areas.
- A support zone ranging from 20.76 to 21.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @20.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.91 to 22.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.26 to 23.28. 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 | DOWN | NEGATIVE | The long term trend for DBC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DBC is down. |
| ChartMill Relative Strength | 36.37 | NEUTRAL | DBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DBC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.76 | NEUTRAL | The RSI value for DBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.8 | OVERSOLD | The low Stochastics value suggests DBC may be oversold. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for DBC suggests low volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for DBC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.86
+0.24 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.11%
1 Week0.51%
2 Weeks0.41%
1 Month-2.32%
3 Month2.1%
6 Month-3.53%
12 Month-1.8%
2 Year-11.1%
3 Year-15.01%
5 Year61.45%
10 Year39.32%
15 Year-1.53%
Volatility
ATR(14)0.21
ATR(20)%1.05%
ATR Inc0.36%
Range Today0.12
ADR(20)0.2
ADR(20)%0.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.37
Mansfield-0.86
10 Day High22
10 Day Low21.59
20 Day High22.75
20 Day Low21.59
52 Week High23.6
52 Week Low19.84
CS1 End21.08
CR1 Start21.91
Volume & EV
DER(3)0.26%
DER(5)3.14%
Volume444.10K
Volume Incr-9.58%
Vol(5)413.86K
Vol(50)725.03K