Placing the Spotlight on DB Precious Metals Powershares (DBP)

Brunilde Fioravanti
Gennaio 20, 2018

Investors might be looking to sharpen the gaze and focus on recent market action. Switching over to some distances from popular moving averages, we see that the stock has been recorded -1.62% away from the 200 day moving average. Many believe that the bulls are still charging while others feel like the bears may be waiting in the wings.

At the time of writing, DB Precious Metals Powershares (DBP) has a 14-day ATR of 0.27. A value between 0 to -20 would represent a strong overbought condition. A value of 25-50 would indicate a strong trend. Investors may be trying to identify volume trends over time.

ASA Gold and Precious Metals (ASA) now has a 14-day Commodity Channel Index (CCI) of 39.80. Investors often keep a close eye on any irregular stock volume. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. ASA Gold and Precious Metals has a 1 year low of $10.56 and a 1 year high of $13.56.

(NYSE:WPM) is worth US$9.81 Billion and has recently fallen -0.18% to US$21.94. The Williams %R oscillates in a range from 0 to -100. The Williams %R was developed by Larry Williams.

The Chaikin Money Flow Indicator is an oscillator developed by Marc Chaikin.

Shares of Nasdaq Bank ETF FT (FTXO) are moving on volatility today 0.90% or $0.28 from the open. Accern also assigned press coverage about the investment management company an impact score of 46.2394917365072 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days. Successful investors are typically able to locate stocks that are undervalued at a certain price. Others may operate by following the saying slow and steady wins the race. Some may choose to go all in, while others may look to reduce risk with stable long-term staple companies.

Deep diving into the technical levels for Nasdaq Bank ETF FT (FTXO), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 98.54. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. These indicators are momentum based. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. The average true range indicator was created by J. Welles Wilder in order to measure volatility. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. In general, an ADX value from 0-25 would indicate an absent or weak trend. The 14-day RSI is now at 58.08, the 7-day stands at 54.29, and the 3-day is sitting at 39.56.

Nasdaq Bank ETF FT's Williams Percent Range or 14 day Williams %R now sits at -4.29. Presently, the 14-day ADX for DB Precious Metals Powershares (DBP) is 34.56. ADX is used to gauge trend strength but not trend direction. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can help decipher the trend direction as well.

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