The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic is overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 5 consecutive negative weeks for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gained 0.19 points, or 1.01%, and closed at 18.91 on Friday, April 13, 2018. Weekly volume was -27% below average.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on April 29, 2014 at 29.41 and reached 18.18 on December 12, 2017. DBA lost 11.23 points, or 38.18%, in 189 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (18.13) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DBA may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term uptrend had started on January 12, 2018 at 18.45 and reached 19.68 on March 6, 2018. DBA gained -1.23 points, or -6.67%, in 7 weeks. Price is near the Fibonacci 61.8% 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.

The weekly MACD line is above its signal line since January 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 6, 2018 at 19.68 and reached 18.32 on April 4, 2018. DBA lost 1.36 points, or 6.91%, in 29 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

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) 51.39
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 83.84
Overbought
Greed/Fear Indicator (GFI) 69.03
Moving Average Converg./Diverg. (MACD) -0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.77
Williams' Percentage Range (W%R) 44.70
Lane's Stochastic (%D-Slow) 38.10
Greed/Fear Indicator (GFI) 48.49
Moving Average Converg./Diverg. (MACD) -0.08
Trading Signals
Description Value Chart
Upper Bollinger Band 19.17
50 Day Moving Average 19.02
Daily Stochastic Crossing 18.92
Price 18.91
20 Day Moving Average 18.82
Weekly Stochastic Crossing 18.72
Lower Bollinger Band 18.62
Parabolic System 18.36
Quarterly Trendline Support 18.13
Quarterly Trendline Resistance 17.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 19.68
High Date 03/06/2018
Low 18.32
Low Date 04/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.45
Low Date 01/12/2018
High 19.68
High Date 03/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 18.18
Low Date 12/12/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 17.22
Support 18.13
High 29.41
High Date 04/29/2014
Low 18.18
Low Date 12/12/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 18.18
Low Date 12/12/2017
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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