- 8/9/2019 -
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PowerShares DB Agriculture Fund (DBA)
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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.