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Bond & REIT ETFs Technical Analysis - DBAArchive
- 7/19/2024 -
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PowerShares DB Agriculture Fund (DBA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA dropped -0.73 points, or -3.00%, and closed at 23.64 on Friday, July 19, 2024. Weekly volume was -53% below average.
 Long-term trend: [See DBA long-term trend chart]
A long-term uptrend had started on June 26, 2020 at 13.15 and reached 26.61 on April 24, 2024. DBA gained -13.46 points, or -102.36%, in 199 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (21.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See DBA medium-term trend chart]
A medium-term uptrend had started on January 8, 2024 at 20.39 and reached 26.61 on April 24, 2024. DBA gained -6.22 points, or -30.51%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (25.31) is broken. A broken support is considered to be a long-term bearish 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 support 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 June 21, 2024. 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 July 1, 2024 at 23.24 and reached 24.59 on July 11, 2024. DBA gained -1.35 points, or -5.81%, in 10 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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