The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price is close to the moving average in the center of the Bollinger Bands
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It was a third positive week after 7 consecutive negative weeks for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA climbed 0.04 points, or 0.23%, and closed at 17.51 on Friday, August 03, 2018. Weekly volume was -43% 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 17.23 on July 18, 2018. DBA lost 5.78 points, or 25.12%, in 109 weeks. Price is near the trend low.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on May 3, 2018 at 19.54 and reached 17.23 on July 18, 2018. DBA lost 2.31 points, or 11.82%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.84 and resistance is at 19.03. 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 Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 July 18, 2018 at 17.23 and reached 17.82 on July 26, 2018. DBA gained -0.59 points, or -3.42%, in 8 days. The price is now at the 52.54% retracement level.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is above its signal line since July 18, 2018. This is an indication that the short-term trend is up.

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.50
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 34.44
Greed/Fear Indicator (GFI) 36.66
Moving Average Converg./Diverg. (MACD) -0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.20
Williams' Percentage Range (W%R) 95.20
Strong Oversold
Lane's Stochastic (%D-Slow) 8.18
Strong Oversold
Greed/Fear Indicator (GFI) 17.45
Oversold
Moving Average Converg./Diverg. (MACD) -0.25
Trading Signals
Description Value Chart
Weekly Trendline Resistance 19.03
50 Day Moving Average 18.04
Parabolic System 17.83
Upper Bollinger Band 17.81
Price 17.51
Daily Stochastic Crossing 17.48
20 Day Moving Average 17.46
Weekly Stochastic Crossing 17.36
Lower Bollinger Band 17.32
Weekly Trendline Support 16.84
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 17.23
Low Date 07/18/2018
High 17.82
High Date 07/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 19.03
Support 16.84
High 19.54
High Date 05/03/2018
Low 17.23
Low Date 07/18/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 17.23
Low Date 07/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 17.23
Low Date 07/18/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 17.23
Low Date 07/18/2018
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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