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DBB
ETF ticker: NYSE ARCA
AS OF
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Net Assets
134.63M

DBB Invesco DB Base Metals Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DBB with price predictions
07:00 PM EST Nov 30, 2023

DBB in upward trend: price rose above 50-day moving average on November 01, 2023

DBB moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend. In of 33 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on DBB as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for DBB crossed bullishly above the 50-day moving average on November 07, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBB advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 261 cases where DBB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where DBB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DBB turned negative on November 27, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

DBB broke above its upper Bollinger Band on November 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to track the DBIQ Optimum Yield Industrial Metals Index Excess Return™ (DBIQ-OY Industrial Metals ER™), which is intended to reflect the base metals sector. The index Commodities consist of Aluminum, Zinc and Copper – Grade A. The fund invests in futures contracts in an attempt to track its corresponding index.
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A.I. Advisor
published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Focused
Address
60 Wall StreetNew York
Phone
(800) 983-0903
Web
http://www.deutsche-bank.com/ir
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DBB and

Correlation & Price change

A.I.dvisor indicates that over the last year, DBB has been loosely correlated with SLV. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if DBB jumps, then SLV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DBB
1D Price
Change %
DBB100%
+1.10%
SLV - DBB
44%
Loosely correlated
+0.86%
GLD - DBB
28%
Poorly correlated
+1.73%
GLDM - DBB
28%
Poorly correlated
+1.71%
IAU - DBB
28%
Poorly correlated
+1.74%
PHYS - DBB
28%
Poorly correlated
+1.64%