Invesco DB Precious Metals Fund ETF Forecast
Invesco DB Precious Metals Fund ETF price down 0.226% on Thursday
(Updated on May 02, 2024)
The Invesco DB Precious Metals Fund ETF price fell by -0.226% on the last day (Thursday, 2nd May 2024) from $55.96 to $55.83. During the last trading day the ETF fluctuated 0.567% from a day low at $55.59 to a day high of $55.90. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -7 thousand shares and in total, 1 thousand shares were bought and sold for approximately $76.32 thousand.
Given the current short-term trend, the ETF is expected to rise 22.11% during the next 3 months and, with a 90% probability hold a price between $68.18 and $73.36 at the end of this 3-month period.
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DBP Signals & Forecast
The Invesco DB Precious Metals Fund ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $56.29. On a fall, the ETF will find some support from the long-term average at approximately $55.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -4.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Invesco DB Precious Metals Fund ETF
Invesco DB Precious Metals Fund finds support from accumulated volume at $55.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.315 between high and low, or 0.567%. For the last week the ETF has had daily average volatility of 0.561%
Our recommended stop-loss: $52.92 (-5.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (DBP) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Invesco DB Precious Metals Fund to open at $55.78, and during the day (based on 14 day Average True Range), to move between $55.18 and $56.48, which gives a possible trading interval of +/-$0.650 (+/-1.16%) up or down from last closing price. If Invesco DB Precious Metals Fund takes out the full calculated possible swing range there will be an estimated 2.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.80 (0.05%) than the resistance at $57.35 (2.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Invesco DB Precious Metals Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Invesco DB Precious Metals Fund ETF to perform well in the short-term.
Current score: 3.373 Buy Candidate Unchanged
Predicted Opening Price for Invesco DB Precious Metals Fund of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$55.78 ( 0.103%) | $55.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.09 | 0.461 % | |
R2 | 55.97 | 0.245 % | ||
R1 | 55.90 | 0.112 % | ||
Current price: | 55.83 | |||
Support | S1 | 55.66 | -0.319 % | |
S2 | 55.58 | -0.452 % | ||
S3 | 55.46 | -0.668 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.40 | 4.59 % | |
R2 | 57.85 | 3.61 % | ||
R1 | 57.35 | 2.72 % | ||
Current price | 55.83 | |||
Support | S1 | 55.80 | -0.0537% | |
S2 | 52.76 | -5.50% | ||
S3 | 48.83 | -12.54% |
DBP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $2.23 | 4.53% |
2 | Jan 20, 2022 | Dec 19, 2022 | Dec 23, 2022 | $0.218 | 0.461% |
3 | Jan 18, 2019 | Dec 23, 2019 | Dec 31, 2019 | $0.525 | 1.26% |
4 | Dec 21, 2018 | Dec 24, 2018 | Dec 31, 2018 | $0.450 | 1.24% |
5 | Dec 18, 2017 | Dec 18, 2017 | Dec 18, 2017 | $0.0450 | 0.121% |
FAQ
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