DGZ Stock DB Gold Short ETN (DGZ, $8.28) price exceeded its 50-day Moving Average on November 08, 2024

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DGZ - DB Gold Short ETN

Moving Avg. signal

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Odds of DOWN Trend

Price: $8.28

Daily change: -$0.13 (-1.55%)

Daily volume: 2.6K

Net Assets: $2.8M

DGZ in downward trend: price may drop because broke its higher Bollinger Band on November 11, 2024

DGZ broke above its upper Bollinger Band on November 11, 2024. 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. The A.I.dvisor looked at 33 similar instances where the stock broke above the upper band. In of the 33 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Aroon Indicator for DGZ entered a downward trend on November 07, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on DGZ as a result. In of 122 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DGZ just turned positive on November 04, 2024. Looking at past instances where DGZ's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .

DGZ moved above its 50-day moving average on November 11, 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 DGZ advanced for three days, in of 265 cases, the price rose further within the following month. The odds of a continued upward trend are .