Invesco DB Gold Fund (DGL) Stock Technical Analysis
USA - NYSEARCA:DGL - US46140H6018 - ETF
51.9553 USD
+0.71 (+1.39%)
Overall DGL gets a technical rating of 4 out of 10. In the last year, DGL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, DGL outperforms 64% of them, which is more or less in line with the market.
DGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DGL is lagging the market.
In the last month DGL has a been trading in a tight range between 50.41 and 52.50.
Volume is considerably higher in the last couple of days.
DGL has an average technical rating and it also does not offer a high 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
45.32
59.24
We found 4 important support areas.
- A support zone ranging from 50.85 to 51.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.79 from a horizontal line in the daily time frame.
- Support @48.97 from a horizontal line in the daily time frame.
- A support zone ranging from 45.78 to 46.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 52.98 to 53.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.64 from a horizontal line in the weekly time frame.
- Resistance @58.65 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for DGL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DGL is neutral. |
| ChartMill Relative Strength | 64.93 | NEUTRAL | DGL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DGL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.37 | NEUTRAL | The RSI value for DGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DGL has a positive trend. |
| Stochastics (14,3) | 64.55 | NEUTRAL | The Stochastics value for DGL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for DGL suggests low volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for DGL 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)
NYSEARCA:DGL (3/3/2023, 8:04:00 PM)
51.9553
+0.71 (+1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.39%
1 Week2.8%
2 Weeks1.53%
1 Month-2.25%
3 Month2.86%
6 Month7.76%
12 Month-7.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%0.95%
ATR Inc62.37%
Range Today0.82
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.93
Mansfield0.1
10 Day High52.03
10 Day Low50.41
20 Day High52.5
20 Day Low50.41
52 Week High59.25
52 Week Low45.53
CS1 End51.95
CR1 Start52.98
Volume & EV
DER(3)2.52%
DER(5)1.52%
Volume4.00K
Volume Incr175.1%
Vol(5)112.06K
Vol(50)33.24K