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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
PowerShares DB Agriculture Fund (DBA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gained 1.16 points, or 5.17%, and closed at 23.59 on Friday, March 15, 2024. DBA was trading at average weekly trading volume. Long-term trend: [See DBA long-term trend chart] A long-term uptrend had started on June 26, 2020 at 13.15 and reached 23.59 on March 15, 2024. DBA gained -10.44 points, or -79.39%, in 194 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (21.16) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 23.59 on March 15, 2024. DBA gained -3.20 points, or -15.69%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (22.39) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 weekly MACD line is above its signal line since February 9, 2024. 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 March 1, 2024 at 22.03 and reached 23.59 on March 15, 2024. DBA gained -1.56 points, or -7.08%, in 14 days. Price is near the trend high. Daily Technical Indicators: [See DBA daily technical indicators chart] Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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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