DBC Stock Invesco DB Commodity Tracking (DBC, $22.14) price exceeded its 50-day Moving Average on November 11, 2024
at Tickeron.com
DBC's Indicator enters downward trend
The Aroon Indicator for DBC entered a downward trend on November 18, 2024. 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 119 similar instances where the Aroon Indicator formed such a pattern. In of the 119 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DBC as a result. In of 72 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 10-day moving average for DBC crossed bearishly below the 50-day moving average on November 15, 2024. 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
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where DBC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DBC just turned positive on November 21, 2024. Looking at past instances where DBC's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
DBC moved above its 50-day moving average on November 21, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBC advanced for three days, in of 386 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category CommoditiesBroadBasket