tradethepoolpool ads

Invesco Db Energy $DBE Technical Pivots with Risk Controls

Longer Term Trading Plans for DBE
  • Buy DBE slightly over 20.88 target n/a stop loss @ 20.82. Details
  • The technical summary data tells us to buy DBE near 20.88, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 20.82 to protect against excessive loss in case the stock begins to move against the trade. 20.88 is the first level of support below 22.34, and by rule, any test of support is a buy signal. In this case, if support 20.88 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for DBE
  • Buy DBE slightly over 22.77, target n/a, Stop Loss @ 22.7 Details
  • If 22.77 begins to break higher, the technical summary data tells us to buy DBE just slightly over 22.77, with an upside target of n/a. The data also tells us to set a stop loss @ 22.7 in case the stock turns against the trade. 22.77 is the first level of resistance above 22.34, and by rule, any break above resistance is a buy signal. In this case, 22.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DBE slightly near 22.77, target 22.25, Stop Loss @ 22.84. Details
  • The technical summary data is suggesting a short of DBE if it tests 22.77 with a downside target of 22.25. We should have a stop loss in place at 22.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 22.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DBE
  • Buy DBE slightly over 22.85, target n/a, Stop Loss @ 22.8 Details
  • If 22.85 begins to break higher, the technical summary data tells us to buy DBE just slightly over 22.85, with an upside target of n/a. The data also tells us to set a stop loss @ 22.8 in case the stock turns against the trade. 22.85 is the first level of resistance above 22.34, and by rule, any break above resistance is a buy signal. In this case, 22.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DBE slightly near 22.85, target 22.29, Stop Loss @ 22.9. Details
  • The technical summary data is suggesting a short of DBE if it tests 22.85 with a downside target of 22.29. We should have a stop loss in place at 22.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 22.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

This is a snapshot. Real Time Updates are available on our DBE Page.

DBE Ratings for August 19:

Term →Near Mid Long
Rating Neutral Strong Weak
P1 0 0 17.85
P2 22.29 22.25 19.35
P3 22.85 22.77 20.88
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for DBE

DBE Long Term Analysis for August 19 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

The technical pivots for Invesco Db Energy (NYSE: DBE) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DBE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DBE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DBE too.  All of these are offered below the Summary Table.