DB GOLD DOUBLE SHORT ETN (DZZ) Stock Technical Analysis
NYSEARCA:DZZ • US25154H7567
Taking everything into account, DZZ scores 1 out of 10 in our technical rating. DZZ 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- DZZ 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 DZZ has a been trading in the 2.36 - 4.17 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the performance of all stocks over the past year, DZZ turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- Considerably lower volume is observed in the last couple of days.
The technical rating of DZZ is bad and it also does not present a quality setup 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
1.58
When analyzing the support we notice one important area.
- Support @1.60 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @2.63 from a horizontal line in the daily time frame.
- Resistance @3.22 from a trend line in the weekly time frame.
- Resistance @3.60 from a trend line in the daily time frame.
- Resistance @3.90 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 | DOWN | NEGATIVE | The long term trend for DZZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DZZ is down. |
| ChartMill Relative Strength | 47.65 | NEUTRAL | DZZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DZZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DZZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DZZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.91 | NEUTRAL | The RSI value for DZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DZZ has a negative trend. |
| Stochastics (14,3) | 18.89 | OVERSOLD | The low Stochastics value suggests DZZ may be oversold. |
| Average True Range in percent/ATR (20) | 9.02 | HIGH VOLATILITY | The high ATR as a percentage value for DZZ suggests high volalility. |
| Average Directional Index/ADX (14) | 9.28 | NEGATIVE | The low ADX value for DZZ suggests a weak or negative trend. |
2.425
-0.12 (-4.72%)
DB GOLD DOUBLE SHORT ETN / DZZ FAQ
What is the technical rating for DZZ stock?
ChartMill assigns a technical rating of 1 / 10 to DZZ.
What is the trend direction for DZZ stock?
The current trend direction for DB GOLD DOUBLE SHORT ETN (DZZ) is Bearish.
What is the RSI signal for DB GOLD DOUBLE SHORT ETN (DZZ) stock?
DB GOLD DOUBLE SHORT ETN (DZZ) has an RSI value of 34.9112. This indicates that the stock is currently neutral.
What is the MACD signal for DB GOLD DOUBLE SHORT ETN (DZZ) stock?
The MACD indicator for DB GOLD DOUBLE SHORT ETN (DZZ) has a value of -0.00155017, indicating a bearish trend.
Can you provide the support and resistance levels for DB GOLD DOUBLE SHORT ETN?
DB GOLD DOUBLE SHORT ETN (DZZ) has a support level at 1.6 and a resistance level at 2.63. Check the full technical report for our detailed analysis of DZZ support and resistance levels.