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Bond & REIT ETFs Technical AnalysisArchive
- 3/17/2023 -
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PowerShares DB Agriculture Fund (DBA) |
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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 gave back -0.20 points, or -1.00%, and closed at 19.83 on Friday, March 17, 2023. Weekly volume was -45% 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 23.01 on May 17, 2022. DBA gained -9.86 points, or -74.98%, in 98 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (19.76) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.
 Medium-term trend: [See DBA medium-term trend chart]
A medium-term uptrend had started on January 20, 2023 at 19.25 and reached 20.74 on February 21, 2023. DBA gained -1.49 points, or -7.74%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (21.40) 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. DBA 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 medium-term trend.
 Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 27, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See DBA short-term trend chart]
A short-term downtrend had started on February 21, 2023 at 20.74 and reached 19.70 on March 15, 2023. DBA lost 1.04 points, or 5.01%, in 22 days. The price is now at the 12.50% retracement level.
 Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 24, 2023. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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