The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Broken trend support lineTrend resistance at 21.99
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic oversoldRelative Strength Index is strongly oversoldA Parabolic SAR indicator is below and near the price
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It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -0.33 points, or -1.48%, and closed at 21.93 on Friday, May 10, 2019. It was the worst weekly loss since March 1, 2019. Weekly volume was -71% below average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 19.50 and reached 25.80 on May 29, 2018. DJP gained -6.30 points, or -32.31%, in 122 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (24.39) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DJP may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term downtrend had started on May 29, 2018 at 25.80 and reached 20.38 on December 26, 2018. DJP lost 5.42 points, or 21.01%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (21.99). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 15, 2019. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term downtrend had started on April 10, 2019 at 23.33 and reached 21.76 on May 9, 2019. DJP lost 1.57 points, or 6.73%, in 29 days. The price is now at the 10.83% retracement level.

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

The daily MACD line is below its signal line since April 12, 2019. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (22.1) comes close to the price (21.93). 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 9.37
Strong Oversold
Williams' Percentage Range (W%R) 89.00
Oversold
Lane's Stochastic (%D-Slow) 13.75
Oversold
Greed/Fear Indicator (GFI) 11.36
Oversold
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.69
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 47.82
Greed/Fear Indicator (GFI) 49.04
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Yearly Trendline Resistance 25.95
Yearly Trendline Support 24.39
Monthly Trendline Support 23.91
Monthly Trendline Resistance 23.55
Upper Bollinger Band 23.23
50 Day Moving Average 22.72
20 Day Moving Average 22.55
Weekly Stochastic Crossing 22.34
Parabolic System 22.10
Quarterly Trendline Resistance 21.99
Price 21.93
Daily Stochastic Crossing 21.85
Lower Bollinger Band 21.63
Quarterly Trendline Support 19.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.90
High Date 04/23/2019
Low 21.76
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.33
High Date 04/10/2019
Low 21.76
Low Date 05/09/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 23.55
Support 23.91
Low 20.38
Low Date 12/26/2018
High 23.33
High Date 04/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 21.99
Support 19.34
High 25.80
High Date 05/29/2018
Low 20.38
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 25.95
Support 24.39
Low 19.50
Low Date 01/20/2016
High 25.80
High Date 05/29/2018
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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