DBB Invesco DB Base Metals Forecast, Technical & Fundamental Analysis
DBB's Stochastic Oscillator remains in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBB advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DBB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category CommoditiesBroadBasket
DBB and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DBB has been closely correlated with BCIM. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if DBB jumps, then BCIM could also see price increases.
| Ticker / NAME | Correlation To DBB | 1D Price Change % | ||
|---|---|---|---|---|
| DBB | 100% | +0.89% | ||
| BCIM - DBB | 95% Closely correlated | +0.28% | ||
| SLV - DBB | 60% Loosely correlated | -1.53% | ||
| SLVO - DBB | 46% Loosely correlated | -0.91% | ||
| IAUM - DBB | 45% Loosely correlated | -0.44% | ||
| IAU - DBB | 44% Loosely correlated | -0.51% | ||
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