Technical Analysis for DCMT - DoubleLine Commodity Strategy ETF

Grade Last Price % Change Price Change
B 25.34 -0.83% -0.21
DCMT closed down 0.83 percent on Friday, November 1, 2024, on 24 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Flat

Date Alert Name Type % Chg
Gapped Down Weakness 0.00%
Outside Day Range Expansion -0.83%
Narrow Range Bar Range Contraction -0.26%
Gapped Up Strength -0.26%
Oversold Stochastic Weakness -0.26%
Narrow Range Bar Range Contraction 0.80%
Doji - Bullish? Reversal 0.80%
Stochastic Reached Oversold Weakness 0.80%
Oversold Stochastic Weakness 0.80%
Hammer Candlestick Bullish 0.69%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 22 hours ago
Fell Below 10 DMA about 22 hours ago
Rose Above Previous Day's High 2 days ago
Rose Above 10 DMA 2 days ago
2x Volume Pace 2 days ago

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Profile

DoubleLine Commodity Strategy ETF Description

DCMT offers broad exposure to commodities, encompassing industrial and precious metals, energy commodities, agricultural products, and livestock. The fund obtains exposure through commodity derivatives via subsidiaries outside the US, thereby avoiding K-1 tax forms. These contracts are linked to a multi-strategy index that favors commodities exhibiting backwardation. The fund employs carry, seasonality, and momentum factors to identify the most attractive contracts. Specifically, it aims to select futures with the best carry for the next month, static December futures tenor with the potential to outperform front-month contracts, and those consistently surpassing front-month contracts in the past year. Swap selection is based on the counterparties' cost, reliability, operational compatibility, and creditworthiness. Investments may include debts for additional total return. The fund uses leverage to amplify commodity exposure, matching its total asset value. DCMT may shift from the Barclays index to different strategies, such as exploring alternative commodities exposure.


Classification

Keywords: Swaps Commodity Commodity Price Indices Arbitrage Agricultural Products Energy Commodities

Is DCMT 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 27.4499
52 Week Low 23.6262
Average Volume 17,205
200-Day Moving Average 0.00
50-Day Moving Average 25.16
20-Day Moving Average 25.58
10-Day Moving Average 25.45
Average True Range 0.25
RSI (14) 48.45
ADX 10.52
+DI 36.68
-DI 36.14
Chandelier Exit (Long, 3 ATRs) 25.67
Chandelier Exit (Short, 3 ATRs) 25.85
Upper Bollinger Bands 26.23
Lower Bollinger Band 24.93
Percent B (%b) 0.32
BandWidth 5.07
MACD Line 0.02
MACD Signal Line 0.07
MACD Histogram -0.0516
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.55
Resistance 3 (R3) 25.58 25.53 25.52
Resistance 2 (R2) 25.53 25.47 25.52 25.51
Resistance 1 (R1) 25.44 25.44 25.41 25.41 25.50
Pivot Point 25.39 25.39 25.38 25.38 25.39
Support 1 (S1) 25.29 25.33 25.27 25.27 25.19
Support 2 (S2) 25.25 25.30 25.24 25.18
Support 3 (S3) 25.15 25.25 25.17
Support 4 (S4) 25.13