The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Williams' Percentage Range is oversoldLane's Stochastic bullish divergenceTrend support at 15.62
Daily :Lane's Stochastic oversoldRelative Strength Index and Williams' Percentage Range are strongly oversoldLane's Stochastic and MACD bullish divergenceThe Bollinger Bands are historically far apart
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA dropped -0.44 points, or -2.74%, and closed at 15.59 on Friday, May 10, 2019. Weekly volume was -35% 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 15.55 on May 9, 2019. DBA lost 7.46 points, or 32.42%, in 152 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 15.55 on May 9, 2019. DBA lost 2.27 points, or 12.74%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (15.62) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 26, 2019. This is an indication that the medium-term trend is down. 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 April 4, 2019 at 16.99 and reached 15.55 on May 9, 2019. DBA lost 1.44 points, or 8.48%, in 35 days. Price is near the trend low.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Relative Strength Index and Williams' Percentage Range. 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. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since April 16, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (10.01%) is close to one year high (8.57%). It is 132.58% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 6.48
Strong Oversold
Williams' Percentage Range (W%R) 91.80
Strong Oversold
Lane's Stochastic (%D-Slow) 10.10
Oversold Bullish
Greed/Fear Indicator (GFI) 8.24
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.20 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.19
Williams' Percentage Range (W%R) 93.90
Strong Oversold
Lane's Stochastic (%D-Slow) 34.28
Bullish
Greed/Fear Indicator (GFI) 26.19
Moving Average Converg./Diverg. (MACD) -0.26
Trading Signals
Description Value Chart
Upper Bollinger Band 16.91
Weekly Trendline Resistance 16.83
50 Day Moving Average 16.46
20 Day Moving Average 16.22
Weekly Stochastic Crossing 15.91
Parabolic System 15.87
Weekly Trendline Support 15.62
Daily Stochastic Crossing 15.60
Price 15.59
Lower Bollinger Band 15.35
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.99
High Date 04/04/2019
Low 15.55
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 16.83
Support 15.62
High 17.82
High Date 10/17/2018
Low 15.55
Low Date 05/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 15.55
Low Date 05/09/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 15.55
Low Date 05/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 15.55
Low Date 05/09/2019
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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