INVESCO DB OIL FUND (DBO) Stock Technical Analysis
NYSEARCA:DBO - NYSE Arca - US46140H4039 - ETF - Currency: USD
Overall DBO 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. DBO was also a bad performer in the overall market in the last year.
62% of all other stocks performed better in the past year than DBO.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month DBO has a been trading in the 12.24 - 14.52 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
DBO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DBO is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of DBO is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.97
16.36
3 important support areas can be observed.
- A support zone ranging from 12.67 to 12.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.39 to 12.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @14.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.74 to 14.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.35 from a horizontal line in the weekly time frame.
- Resistance @15.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 16.20 to 16.20. 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 | NEUTRAL | NEUTRAL | The long term trend for DBO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBO is up. |
| ChartMill Relative Strength | 38.32 | NEUTRAL | DBO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DBO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DBO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.86 | OVERBOUGHT | The high RSI value suggests DBO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests DBO has a positive trend. |
| Stochastics (14,3) | 94.79 | OVERBOUGHT | The high Stochastics value suggests DBO may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for DBO suggests low volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for DBO 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)
14.32
+0.72 (+5.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.29%
1 Week9.31%
2 Weeks15.48%
1 Month12.76%
3 Month5.22%
6 Month-2.78%
12 Month-6.59%
2 Year1.42%
3 Year-21.49%
5 Year104.86%
10 Year-1.92%
15 Year-39.86%
Volatility
ATR(14)0.32
ATR(20)%1.95%
ATR Inc121.21%
Range Today0.42
ADR(20)0.2
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.32
Mansfield-0.38
10 Day High14.52
10 Day Low12.67
20 Day High14.52
20 Day Low12.24
52 Week High16.39
52 Week Low11.59
CS1 End12.74
CR1 Start14.5
Volume & EV
DER(3)1.96%
DER(5)0.56%
Volume2.75M
Volume Incr150.67%
Vol(5)694.14K
Vol(50)401.31K