The Greedy Trader Weekly Analysis
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- 10/5/2018
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Williams' Percentage Range is oversoldStochastic has raised above the signal line
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a first positive week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gained 0.44 points, or 2.60%, and closed at 17.35 on Friday, October 05, 2018. It was the best weekly gain since May 25, 2018. Weekly volume was 19% above average.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on March 4, 2011 at 35.58 and reached 16.81 on September 4, 2018. DBA lost 18.77 points, or 52.75%, in 391 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 12.85 and resistance is at 20.59. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on April 29, 2014 at 29.41 and reached 16.81 on September 4, 2018. DBA lost 12.60 points, or 42.84%, in 227 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 17.76 and resistance is at 15.73. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 8, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DBA short-term trend chart]
A short-term uptrend had started on September 4, 2018 at 16.81 and reached 17.39 on October 3, 2018. DBA gained -0.58 points, or -3.45%, in 29 days. The chart has formed a Falling Pennant chart pattern.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 30, 2018. This is an indication that the short-term trend is up.

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.

The price touches the upper 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 67.72
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 75.75
Greed/Fear Indicator (GFI) 70.66
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.40
Williams' Percentage Range (W%R) 84.30
Oversold
Lane's Stochastic (%D-Slow) 25.57
Greed/Fear Indicator (GFI) 30.29
Moving Average Converg./Diverg. (MACD) -0.45
Trading Signals
Description Value Chart
Yearly Trendline Resistance 20.59
Quarterly Trendline Support 17.76
Upper Bollinger Band 17.37
Price 17.35
Daily Stochastic Crossing 17.26
50 Day Moving Average 17.17
20 Day Moving Average 17.07
Weekly Stochastic Crossing 17.00
Parabolic System 16.90
Lower Bollinger Band 16.83
Quarterly Trendline Resistance 15.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Low 16.81
Low Date 09/04/2018
High 17.39
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.54
High Date 05/03/2018
Low 16.81
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 16.81
Low Date 09/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 15.73
Support 17.76
High 29.41
High Date 04/29/2014
Low 16.81
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 20.59
Support 12.85
High 35.58
High Date 03/04/2011
Low 16.81
Low Date 09/04/2018
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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