DB GOLD DOUBLE LONG ETN (DGP) Stock Technical Analysis
USA - NYSEARCA:DGP - US25154H7492 - ETF
149.06 USD
+6.69 (+4.7%)
154.99 USD
+5.93 (+3.98%)
We assign a technical rating of 10 out of 10 to DGP. Both in the recent history as in the last year, DGP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: DGP has an average volume of 11679 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DGP is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, DGP also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by DGP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month DGP has a been trading in the 117.07 - 149.99 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DGP has an excellent technical rating, it 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
87.52
150.55
6 important support areas can be observed.
- A support zone ranging from 138.73 to 139.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @135.46 from a trend line in the daily time frame.
- Support @105.76 from a trend line in the daily time frame.
- Support @99.65 from a horizontal line in the daily time frame.
- Support @97.59 from a horizontal line in the daily time frame.
- Support @88.40 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for DGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DGP is up. |
| ChartMill Relative Strength | 94.83 | POSITIVE | DGP has a high relative strength, it outperformed 94.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.47 | OVERBOUGHT | The high RSI value suggests DGP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.03 | POSITIVE | The MACD value suggests DGP has a positive trend. |
| Stochastics (14,3) | 82.58 | OVERBOUGHT | The high Stochastics value suggests DGP may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for DGP suggests some volalility. |
| Average Directional Index/ADX (14) | 43.45 | POSITIVE | The high ADX value value for DGP suggests a strong 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)
149.06
+6.69 (+4.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.7%
1 Week6.81%
2 Weeks14.15%
1 Month22.93%
3 Month46.42%
6 Month46.14%
12 Month109.4%
2 Year262.13%
3 Year393.9%
5 Year237.24%
10 Year602.45%
15 Year279.29%
Volatility
ATR(14)4.84
ATR(20)%2.9%
ATR Inc27.67%
Range Today2.99
ADR(20)3.39
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.83
Mansfield4.65
10 Day High149.99
10 Day Low128.68
20 Day High149.99
20 Day Low117.07
52 Week High149.99
52 Week Low62.14
CS1 End139.45
CR1 StartN/A
Volume & EV
DER(3)1.01%
DER(5)0.71%
Volume17.80K
Volume Incr92.44%
Vol(5)18.84K
Vol(50)11.68K