DBND DoubleLine Opportunistic Bond ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for DBND turns positive, indicating new upward trend
DBND saw its Momentum Indicator move above the 0 level on November 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 19 similar instances where the indicator turned positive. In of the 19 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
DBND moved above its 50-day moving average on November 07, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DBND crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 DBND advanced for three days, in of 88 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 61 cases where DBND 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 RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
DBND broke above its upper Bollinger Band on November 02, 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)
Industry description
General Information
Category IntermediateTermBond
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ICEWX | 37.65 | 0.02 | +0.05% |
| MainStay Epoch International Choice C | |||
| TCSHX | 12.71 | N/A | N/A |
| Transamerica Multi-Asset Income C | |||
| AIGOX | 27.23 | -0.01 | -0.04% |
| Alger Growth & Income I-2 | |||
| AGVHX | 20.83 | -0.10 | -0.48% |
| American Funds Global Insight F-3 | |||
| JMVIX | 15.95 | -0.19 | -1.18% |
| Janus Henderson Mid Cap Value S | |||
DBND and
Correlation & Price change
A.I.dvisor indicates that over the last year, DBND has been closely correlated with BOND. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if DBND jumps, then BOND could also see price increases.
| Ticker / NAME | Correlation To DBND | 1D Price Change % | ||
|---|---|---|---|---|
| DBND | 100% | +0.59% | ||
| BOND - DBND | 92% Closely correlated | +0.55% | ||
| FBND - DBND | 92% Closely correlated | +0.56% | ||
| FIXD - DBND | 92% Closely correlated | +0.79% | ||
| IUSB - DBND | 91% Closely correlated | +0.51% | ||
| TOTL - DBND | 91% Closely correlated | +0.54% |