Invesco DB G10 Currency Harvest Fund (DBV) Stock Technical Analysis
USA - NYSEARCA:DBV - US46139B1026 - ETF
Overall DBV gets a technical rating of 3 out of 10. DBV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, DBV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 25.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DBV in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.05
We found 2 important support areas.
- A support zone ranging from 24.86 to 25.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.29 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.44 to 25.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.59 to 27.08. 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 DBV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DBV is neutral. |
| ChartMill Relative Strength | 67.55 | NEUTRAL | DBV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DBV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DBV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51 | NEUTRAL | The RSI value for DBV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DBV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.01 | NEUTRAL | The Stochastics value for DBV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for DBV suggests low volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for DBV suggests a weak or negative trend. |
Invesco DB G10 Currency Harvest Fund
NYSEARCA:DBV (3/3/2023, 8:04:00 PM)
25.41
-0.16 (-0.63%)