DB Crude Oil -2X ETN Powershares (DTO) Stock Technical Analysis
NYSEARCA:DTO - NYSE Arca -
Taking everything into account, DTO scores 1 out of 10 in our technical rating. DTO 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.
DTO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month DTO has a been trading in the 50.91 - 372.95 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: DTO has an average volume of 26188 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that DTO is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
DTO has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
54.55
56.77
We found 1 important support area.
- A support zone ranging from 55.10 to 55.86. 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 DTO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DTO is down. |
| ChartMill Relative Strength | 70.87 | POSITIVE | DTO has a high relative strength, it outperformed 70.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DTO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DTO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.63 | NEUTRAL | The RSI value for DTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -14.4 | NEGATIVE | The MACD value suggests DTO has a negative trend. |
| Stochastics (14,3) | 5.15 | OVERSOLD | The low Stochastics value suggests DTO may be oversold. |
| Average True Range in percent/ATR (20) | 80.75 | HIGH VOLATILITY | The high ATR as a percentage value for DTO suggests high volalility. |
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)
DB Crude Oil -2X ETN Powershares
NYSEARCA:DTO (5/18/2020, 8:16:37 PM)
After market: 90 +33.79 (+60.11%)56.21
-40.79 (-42.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-42.05%
1 Week-56.39%
2 Weeks-66.76%
1 Month-70.71%
3 Month1.74%
6 Month8.41%
12 Month2.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)34.86
ATR(20)%80.75%
ATR Inc-18.55%
Range Today12.79
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
CRS70.87
Mansfield-2.18
10 Day High135
10 Day Low50.91
20 Day High372.95
20 Day Low50.91
52 Week High372.95
52 Week Low42
CS1 End55.86
CR1 StartN/A
Volume & EV
DER(3)-6.91%
DER(5)-7.99%
Volume151.30K
Volume Incr73.74%
Vol(5)52.66K
Vol(50)26.19K