INVESCO DB OIL FUND (DBO) Technical Analysis
NYSEARCA:DBO • US46140H4039
Current stock price
DBO Technical Rating and Analysis
Taking everything into account, DBO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DBO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- DBO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DBO is performing more or less in line with the market.
- DBO has an average volume of 1801970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DBO is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month DBO has a been trading in the 17.23 - 21.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DBO Weekly and Daily overview Charts
DBO Setup Rating and Analysis
Although DBO has an excellent technical rating, the quality of the presented setup is not ideal 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
DBO Support and Resistance Analysis
12.04
5 important support areas can be observed.
- Support @19.03 from a horizontal line in the daily time frame.
- Support @15.00 from a trend line in the daily time frame.
- Support @13.89 from a horizontal line in the weekly time frame.
- Support @13.20 from a horizontal line in the daily time frame.
- Support @12.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.80 to 21.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
DBO 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 DBO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBO is up. |
| ChartMill Relative Strength | 90.44 | POSITIVE | DBO has a high relative strength, it outperformed 90.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DBO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DBO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DBO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.61 | NEUTRAL | The RSI value for DBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests DBO has a negative trend. |
| Stochastics (14,3) | 20.29 | NEUTRAL | The Stochastics value for DBO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for DBO suggests high volalility. |
| Average Directional Index/ADX (14) | 41.07 | POSITIVE | The high ADX value value for DBO suggests a strong trend. |
DBO Chart- and CandleStick Pattern Analysis
DBO Technicals: Chart, Performance Metrics, Trend & Indicators
19.42
+0.39 (+2.05%)
INVESCO DB OIL FUND / DBO TA FAQ
What is the ChartMill technical rating of INVESCO DB OIL FUND (DBO) stock?
ChartMill assigns a technical rating of 9 / 10 to DBO.
What is the current trend direction of INVESCO DB OIL FUND (DBO) stock?
The current trend direction for INVESCO DB OIL FUND (DBO) is Bullish.
Can you provide the RSI signal for INVESCO DB OIL FUND?
INVESCO DB OIL FUND (DBO) has an RSI value of 55.6126. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO DB OIL FUND?
The short term momentum for INVESCO DB OIL FUND (DBO) is positive.
What is the support and resistance level for DBO stock?
INVESCO DB OIL FUND (DBO) has a support level at 19.03 and a resistance level at 20.8. Check the full technical report for our detailed analysis of DBO support and resistance levels.