The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Lane's Stochastic is overboughtPrice is near the Fibonacci 38.2% retracement level
Daily :Stochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the price
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gave back -0.06 points, or -0.31%, and closed at 19.36 on Friday, November 10, 2017. Weekly volume was -12% 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 18.33 on August 30, 2017. DBA lost 11.08 points, or 37.67%, in 174 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 19.70 and resistance is at 18.50. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on January 11, 2017 at 21.00 and reached 18.33 on August 30, 2017. DBA lost 2.67 points, or 12.71%, in 33 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.

The weekly MACD line is above its signal line since October 13, 2017. 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 August 30, 2017 at 18.33 and reached 19.51 on November 1, 2017. DBA gained -1.18 points, or -6.44%, in 63 days. The price is now at the 12.71% retracement level.

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 below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since August 31, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (19.33) comes close to the price (19.36). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.60
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 56.01
Greed/Fear Indicator (GFI) 68.27
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.75
Williams' Percentage Range (W%R) 48.50
Lane's Stochastic (%D-Slow) 82.54
Overbought
Greed/Fear Indicator (GFI) 63.72
Moving Average Converg./Diverg. (MACD) -0.25
Trading Signals
Description Value Chart
Quarterly Trendline Support 19.70
Upper Bollinger Band 19.62
Weekly Stochastic Crossing 19.42
Daily Stochastic Crossing 19.40
Price 19.36
Parabolic System 19.33
20 Day Moving Average 19.25
50 Day Moving Average 19.06
Lower Bollinger Band 18.92
Quarterly Trendline Resistance 18.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.33
Low Date 08/30/2017
High 19.51
High Date 11/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.00
High Date 01/11/2017
Low 18.33
Low Date 08/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 18.33
Low Date 08/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 18.50
Support 19.70
High 29.41
High Date 04/29/2014
Low 18.33
Low Date 08/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 18.33
Low Date 08/30/2017
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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