The Greedy Trader Weekly Analysis
Sign In Sep 25, 2020
Skip Navigation Links
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

PowerShares DB Agriculture Fund (DBA)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a sixth consecutive positive week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA climbed 0.12 points, or 0.81%, and closed at 14.98 on Friday, September 18, 2020. Weekly volume was 42% above 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 13.15 on June 26, 2020. DBA lost 9.86 points, or 42.85%, in 211 weeks. The price is now at the 18.56% retracement level.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term uptrend had started on June 26, 2020 at 13.15 and reached 14.98 on September 18, 2020. DBA gained -1.83 points, or -13.92%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 14.71 and resistance is at 15.23. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish 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 bearish 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 above its signal line since June 26, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 8, 2020 at 14.48 and reached 14.98 on September 18, 2020. DBA gained -0.50 points, or -3.45%, in 10 days. Price is near the trend high.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.41
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 75.26
Greed/Fear Indicator (GFI) 76.89
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.55
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 91.35
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.11
Overbought
Moving Average Converg./Diverg. (MACD) -0.24
Trading Signals
Description Value Chart
Weekly Trendline Resistance 15.23
Upper Bollinger Band 15.00
Price 14.98
Daily Stochastic Crossing 14.91
Weekly Stochastic Crossing 14.86
Weekly Trendline Support 14.71
20 Day Moving Average 14.67
Parabolic System 14.65
Lower Bollinger Band 14.29
50 Day Moving Average 14.23
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14.48
Low Date 09/08/2020
High 14.98
High Date 09/18/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 15.23
Support 14.71
Low 13.15
Low Date 06/26/2020
High 14.98
High Date 09/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 13.15
Low Date 06/26/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 13.15
Low Date 06/26/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 13.15
Low Date 06/26/2020
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.

Copyright© 2004-2018 All rights reserved.