The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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PowerShares DB Agriculture Fund
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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceThe price touches the lower Bollinger Band
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gave back -0.10 points, or -0.59%, and closed at 16.83 on Friday, February 8, 2019. Weekly volume was -31% 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 16.72 on December 24, 2018. DBA lost 6.29 points, or 27.34%, in 132 weeks. Price is near the trend low.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on October 17, 2018 at 17.82 and reached 16.72 on December 24, 2018. DBA lost 1.10 points, or 6.17%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.23 and resistance is at 17.16. 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.

The weekly MACD line is above its signal line since October 5, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 January 9, 2019 at 17.35 and reached 16.83 on February 8, 2019. DBA lost 0.52 points, or 3.00%, in 30 days. Price is near the trend low.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 24, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price touches the lower Bollinger Band. 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) 28.97
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 48.96
Bullish
Greed/Fear Indicator (GFI) 34.31
Moving Average Converg./Diverg. (MACD) -0.04 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.91
Williams' Percentage Range (W%R) 79.10
Lane's Stochastic (%D-Slow) 44.40
Greed/Fear Indicator (GFI) 36.58
Moving Average Converg./Diverg. (MACD) -0.23
Trading Signals
Description Value Chart
Upper Bollinger Band 17.28
Weekly Trendline Resistance 17.16
Parabolic System 17.15
50 Day Moving Average 17.14
20 Day Moving Average 17.08
Weekly Stochastic Crossing 17.06
Daily Stochastic Crossing 16.96
Lower Bollinger Band 16.83
Price 16.83
Weekly Trendline Support 16.23
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 17.35
High Date 01/09/2019
Low 16.83
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 17.16
Support 16.23
High 17.82
High Date 10/17/2018
Low 16.72
Low Date 12/24/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 16.72
Low Date 12/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 16.72
Low Date 12/24/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 16.72
Low Date 12/24/2018
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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