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DBC
ETF ticker: NYSE ARCA
AS OF
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Net Assets
2B

DBC Invesco DB Commodity Tracking Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for DBC with price predictions
07:00 PM EST Nov 27, 2023

DBC's Indicator enters downward trend

The Aroon Indicator for DBC entered a downward trend on November 28, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 110 similar instances where the Aroon Indicator formed such a pattern. In of the 110 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where DBC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 27, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DBC as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DBC turned negative on November 24, 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 48 similar instances when the indicator turned negative. In of the 48 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 October 30, 2023 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 November 02, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBC advanced for three days, in of 394 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

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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A.I. Advisor
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 PDBC. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if DBC jumps, then PDBC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DBC
1D Price
Change %
DBC100%
+1.22%
PDBC - DBC
100%
Closely correlated
+1.05%
COMT - DBC
98%
Closely correlated
+1.15%
GSG - DBC
97%
Closely correlated
+1.51%
FTGC - DBC
92%
Closely correlated
+0.95%
BCI - DBC
92%
Closely correlated
+0.78%
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