Technical Analysis for DBP - PowerShares DB Precious Metals Fund

Grade Last Price % Change Price Change
B 55.79 -0.21% -0.12
DBP closed down 0.21 percent on Friday, May 3, 2024, on 50 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Strong but Oversold Other 0.00%
Strong, Oversold and Reversal Signs Reversal 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -0.21%
Strong but Oversold Other -0.21%
Gapped Down Weakness -0.21%
Oversold Stochastic Weakness -0.21%

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Profile

PowerShares DB Precious Metals Fund Description

The PowerShares DB Precious Metals Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Precious Metals Index Excess Return™ ("DB Precious Metals Index" or the "Index") plus the interest income from the Fund’s holdings of US Treasury securities less the Fund’s expenses. DB Commodity Services LLC serves as the Managing Owner of the Fund. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on two of the most important precious metals — gold and silver. The Fund and the Index are rebalanced and reconstituted annually in November. This Fund is not suitable for all investors due to the speculative nature of an investment based upon the Fund’s trading which takes place in very volatile markets. Because an investment in futures contracts is volatile, such frequency in the movement in market prices of the underlying futures contracts could cause large losses. Please see "Important Considerations" and the Prospectus for additional risk disclosures.


Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Invesco Powershares Us Treasury Commodity Price Indices

Is DBP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 59.37
52 Week Low 44.1024
Average Volume 11,587
200-Day Moving Average 49.63
50-Day Moving Average 54.13
20-Day Moving Average 57.03
10-Day Moving Average 56.33
Average True Range 0.68
RSI (14) 49.24
ADX 38.48
+DI 27.43
-DI 27.10
Chandelier Exit (Long, 3 ATRs) 57.34
Chandelier Exit (Short, 3 ATRs) 57.41
Upper Bollinger Bands 58.76
Lower Bollinger Band 55.30
Percent B (%b) 0.14
BandWidth 6.05
MACD Line 0.45
MACD Signal Line 0.85
MACD Histogram -0.4025
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 56.50
Resistance 3 (R3) 56.44 56.15 56.38
Resistance 2 (R2) 56.15 55.97 56.18 56.34
Resistance 1 (R1) 55.97 55.86 55.82 56.02 56.30
Pivot Point 55.68 55.68 55.60 55.71 55.68
Support 1 (S1) 55.50 55.50 55.35 55.55 55.27
Support 2 (S2) 55.20 55.38 55.23 55.23
Support 3 (S3) 55.02 55.20 55.19
Support 4 (S4) 55.08