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DBO
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$18.47
Change
+$0.23 (+1.26%)
Net Assets
516.63M

DBO Price Prediction, Invesco DB Oil AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

DBO's RSI Oscillator ascending out of oversold territory

The RSI Indicator for DBO moved out of oversold territory on June 24, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 19 similar instances when the indicator left oversold territory. In 18 of the 19 cases the stock moved higher. This puts the odds of a move higher at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBO advanced for three days, in of 374 cases, the price rose further within the following month. The odds of a continued upward trend are .

DBO 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 462 cases where DBO 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 Momentum Indicator moved below the 0 level on June 17, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on DBO as a result. In of 67 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 DBO 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 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

DBO moved below its 50-day moving average on June 29, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DBO crossed bearishly below the 50-day moving average on June 30, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 DBO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
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A.I.Advisor
published price charts
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published Highlights

Industry description

The investment seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return (DBIQ-OY CL ER), which is intended to reflect the changes in market value of crude oil. The single index Commodity consists of Light, Sweet Crude Oil (WTI). 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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DBO and

Correlation & Price change

A.I.dvisor indicates that over the last year, DBO has been loosely correlated with SLV. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if DBO jumps, then SLV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DBO
1D Price
Change %
DBO100%
+1.32%
SLV - DBO
34%
Loosely correlated
-1.77%
IAU - DBO
28%
Poorly correlated
-0.03%
GLD - DBO
28%
Poorly correlated
-0.08%
GLDM - DBO
28%
Poorly correlated
-0.03%
PHYS - DBO
27%
Poorly correlated
-0.07%