The Greedy Trader Weekly Analysis
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Archive
- 8/9/2019 -
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PowerShares DB Agriculture Fund (DBA)

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Summary:
Weekly :Weekly  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is above and near the priceRelative Strength Index is oversoldStochastic signal line moved above oversold areaThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA climbed 0.02 points, or 0.13%, and closed at 15.75 on Friday, August 9, 2019. DBA was trading at average weekly trading volume.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on June 9, 2016 at 23.01 and reached 15.39 on August 5, 2019. DBA lost 7.62 points, or 33.12%, in 164 weeks. Price is near the trend low.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on June 17, 2019 at 16.92 and reached 15.39 on August 5, 2019. DBA lost 1.53 points, or 9.04%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See DBA short-term trend chart]
A short-term downtrend had started on July 12, 2019 at 16.89 and reached 15.39 on August 5, 2019. DBA lost 1.50 points, or 8.88%, in 24 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since July 15, 2019. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (15.75) comes close to the price (15.75). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 135.76% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.35
Oversold
Williams' Percentage Range (W%R) 75.20
Lane's Stochastic (%D-Slow) 25.65
Greed/Fear Indicator (GFI) 23.27
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.17
Williams' Percentage Range (W%R) 78.70
Lane's Stochastic (%D-Slow) 45.63
Greed/Fear Indicator (GFI) 38.71
Moving Average Converg./Diverg. (MACD) -0.17
Trading Signals
Description Value Chart
Upper Bollinger Band 16.87
50 Day Moving Average 16.47
20 Day Moving Average 16.17
Weekly Stochastic Crossing 15.93
Price 15.75
Parabolic System 15.75
Daily Stochastic Crossing 15.59
Lower Bollinger Band 15.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 16.89
High Date 07/12/2019
Low 15.39
Low Date 08/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.92
High Date 06/17/2019
Low 15.39
Low Date 08/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 15.39
Low Date 08/05/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 15.39
Low Date 08/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 15.39
Low Date 08/05/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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