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Archive
- 11/8/2024 -
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PowerShares DB Agriculture Fund (DBA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA climbed 0.15 points, or 0.59%, and closed at 25.47 on Friday, November 8, 2024. Weekly volume was -43% below average.
 Long-term trend: [See DBA long-term trend chart]
A long-term uptrend had started on January 20, 2023 at 19.25 and reached 27.10 on September 26, 2024. DBA gained -7.85 points, or -40.78%, in 87 weeks. The price is now at the 20.76% retracement level.
 Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on September 26, 2024 at 27.10 and reached 24.78 on October 24, 2024. DBA lost 2.32 points, or 8.56%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (24.52) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 24, 2024 at 24.78 and reached 25.74 on November 7, 2024. DBA gained -0.96 points, or -3.87%, in 14 days. The price is now at the 28.12% retracement level.
Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (25.31) comes close to the price (25.47). 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 price has moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
 Candlestick pattern: [See DBA candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.
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