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DBC
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$26.76
Change
+$0.12 (+0.45%)
Net Assets
4.2B

DBC Price Prediction, Invesco DB Commodity Tracking AI Recommendations

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12:00 AM EDT Jul 01, 2022

Momentum Indicator for DBC turns negative, indicating new downward trend

DBC saw its Momentum Indicator move below the 0 level on June 17, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 68 similar instances where the indicator turned negative. In 50 of the 68 cases, the stock moved further down in the following days. The odds of a decline are at 74%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for DBC turned negative on June 15, 2022. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

DBC moved below its 50-day moving average on June 22, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DBC crossed bearishly below the 50-day moving average on June 29, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DBC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBC advanced for three days, in of 406 cases, the price rose further within the following month. The odds of a continued upward trend are .

DBC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 400 cases where DBC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
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Industry description

The investment seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Diversified Commodity Index Excess Return™. The fund pursues its investment objective by investing in a portfolio of exchange-traded futures on Light Sweet Crude Oil (WTI), Heating Oil, RBOB Gasoline, Natural Gas, Brent Crude, Gold, Silver, Aluminum, Zinc, Copper Grade A, Corn, Wheat, Soybeans, and Sugar. The index is composed of notional amounts of each of these commodities.
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published General Information

General Information

Category CommoditiesBroadBasket

Profile
Fundamentals
Details
Category
Commodities Broad Basket
Address
PowerShares DB Commodity Index Tracking Fund3500 LACEY ROADDOWNERS GROVE
Phone
800-983-0903
Web
N/A

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DBC and

Correlation & Price change

A.I.dvisor indicates that over the last year, DBC has been closely correlated with GSG. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if DBC jumps, then GSG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DBC
1D Price
Change %
DBC100%
+0.49%
GSG - DBC
98%
Closely correlated
+1.21%
DJP - DBC
91%
Closely correlated
-0.34%
RJI - DBC
90%
Closely correlated
-0.12%
COM - DBC
87%
Closely correlated
-0.53%
FTGC - DBC
87%
Closely correlated
-0.49%
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