Taking everything into account, DGL scores 4 out of 10 in our technical rating. 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.
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
4 important support areas can be observed.
- 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.
3 important resistance areas can be observed.
- 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. |
NYSEARCA:DGL (3/3/2023, 8:04:00 PM)
51.9553
+0.71 (+1.39%)
Invesco DB Gold Fund / DGL FAQ
What is the technical rating for DGL stock?
ChartMill assigns a technical rating of 4 / 10 to DGL.
Can you provide the trend direction for Invesco DB Gold Fund?
The current trend direction for Invesco DB Gold Fund (DGL) is Bearish.
What is the RSI signal for DGL stock?
Invesco DB Gold Fund (DGL) has an RSI value of 54.3686. This indicates that the stock is currently neutral.
What is the MACD signal for DGL stock?
The MACD indicator for Invesco DB Gold Fund (DGL) has a value of 0.0346606, indicating a bearish trend.
Can you provide the short term momentum for Invesco DB Gold Fund?
The short term momentum for Invesco DB Gold Fund (DGL) is neutral.