The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gave back -0.16 points, or -0.96%, and closed at 16.46 on Friday, June 7, 2019. Weekly volume was -8% 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 15.42 on May 13, 2019. DBA lost 7.59 points, or 32.99%, in 152 weeks. The price is now at the 13.70% retracement level.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on October 17, 2018 at 17.82 and reached 15.42 on May 13, 2019. DBA lost 2.40 points, or 13.47%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 15.39 and resistance is at 16.71. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish 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 April 4, 2019 at 16.99 and reached 15.42 on May 13, 2019. DBA lost 1.57 points, or 9.24%, in 39 days. The price is now at the 66.24% retracement level.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 daily MACD line is above its signal line since May 15, 2019.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.36
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 53.19
Greed/Fear Indicator (GFI) 66.69
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.13
Williams' Percentage Range (W%R) 37.60
Lane's Stochastic (%D-Slow) 42.69
Greed/Fear Indicator (GFI) 51.95
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Upper Bollinger Band 17.07
Parabolic System 16.85
Weekly Trendline Resistance 16.71
Daily Stochastic Crossing 16.62
Price 16.46
50 Day Moving Average 16.36
20 Day Moving Average 16.24
Weekly Stochastic Crossing 16.19
Lower Bollinger Band 15.65
Weekly Trendline Support 15.39
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.99
High Date 04/04/2019
Low 15.42
Low Date 05/13/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 16.71
Support 15.39
High 17.82
High Date 10/17/2018
Low 15.42
Low Date 05/13/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 15.42
Low Date 05/13/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 15.42
Low Date 05/13/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 15.42
Low Date 05/13/2019
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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