DB Commodity Short Etn (DDP) Technical Analysis
NYSEARCA:DDP
Current stock price
DDP Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to DDP. DDP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, DDP is a bad performer in the overall market: 85% of all stocks are doing better.
- DDP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month DDP has a been trading in the 45.93 - 61.00 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: DDP has an average volume of 164 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
DDP Weekly and Daily overview Charts
DDP Setup Rating and Analysis
DDP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.01, a Stop Loss order could be placed below this zone.
More info and screens
DDP Support and Resistance Analysis
41.50
We found 3 important support areas.
- A support zone ranging from 45.92 to 46.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.83 from a trend line in the weekly time frame.
- A support zone ranging from 41.92 to 42.48. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 46.02 to 46.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 60.21 to 60.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
DDP 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 | DOWN | NEGATIVE | The long term trend for DDP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DDP is down. |
| ChartMill Relative Strength | 15.64 | NEGATIVE | DDP has a low relative strength, it was outperformed by 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DDP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DDP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DDP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.16 | NEUTRAL | The RSI value for DDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests DDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 0.59 | OVERSOLD | The low Stochastics value suggests DDP may be oversold. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for DDP suggests some volalility. |
DDP Chart- and CandleStick Pattern Analysis
DDP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:DDP (4/12/2019, 8:04:01 PM)
46.01
0 (0%)
DB Commodity Short Etn / DDP TA FAQ
What is the ChartMill technical rating of DB Commodity Short Etn (DDP) stock?
ChartMill assigns a technical rating of 1 / 10 to DDP.
What is the current trend direction of DB Commodity Short Etn (DDP) stock?
The current trend direction for DB Commodity Short Etn (DDP) is Bearish.
Can you provide the RSI signal for DB Commodity Short Etn?
DB Commodity Short Etn (DDP) has an RSI value of 41.1592. This indicates that the stock is currently neutral.
What is the buy/sell signal for DB Commodity Short Etn (DDP) stock?
The buy/sell signal for DB Commodity Short Etn (DDP) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for DB Commodity Short Etn?
DB Commodity Short Etn (DDP) has a support level at 46.01 and a resistance level at 46.02. Check the full technical report for our detailed analysis of DDP support and resistance levels.