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- 6/26/2020 -
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PowerShares DB Agriculture Fund (DBA)

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Summary:
Weekly :Williams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :The price is below the lower Bollinger BandLane's Stochastic oversoldRelative Strength Index is strongly oversold
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA dropped -0.33 points, or -2.45%, and closed at 13.16 on Friday, June 26, 2020. Weekly volume was -14% below average.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on June 9, 2016 at 23.01 and reached 13.15 on June 26, 2020. DBA lost 9.86 points, or 42.85%, in 211 weeks. Price is near the trend low.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on December 16, 2019 at 16.88 and reached 13.15 on June 26, 2020. DBA lost 3.73 points, or 22.10%, in 27 weeks. Price is near the trend low.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 31, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 11, 2020 at 14.00 and reached 13.15 on June 26, 2020. DBA lost 0.85 points, or 6.07%, in 46 days. Price is near the trend low.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Relative Strength Index is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Relative Strength Index. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since June 12, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 7.50
Strong Oversold
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 18.56
Oversold
Greed/Fear Indicator (GFI) 16.69
Oversold
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.31
Williams' Percentage Range (W%R) 93.90
Strong Oversold
Lane's Stochastic (%D-Slow) 41.30
Bullish
Greed/Fear Indicator (GFI) 30.92
Moving Average Converg./Diverg. (MACD) -0.59
Trading Signals
Description Value Chart
Upper Bollinger Band 13.88
Parabolic System 13.59
50 Day Moving Average 13.59
20 Day Moving Average 13.59
Weekly Stochastic Crossing 13.53
Daily Stochastic Crossing 13.23
Lower Bollinger Band 13.18
Price 13.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.00
High Date 05/11/2020
Low 13.15
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.88
High Date 12/16/2019
Low 13.15
Low Date 06/26/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 13.15
Low Date 06/26/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 13.15
Low Date 06/26/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 13.15
Low Date 06/26/2020
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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