The Greedy Trader Weekly Analysis
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Price vs. Lower Bollinger Band:Below
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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PowerShares DB Agriculture Fund (DBA)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA dropped -0.22 points, or -1.09%, and closed at 19.97 on Friday, August 5, 2022. Weekly volume was -39% 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 price is now at the 30.83% retracement level.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on May 17, 2022 at 23.01 and reached 19.29 on July 22, 2022. DBA lost 3.72 points, or 16.17%, in 9 weeks. The price is now at the 18.28% retracement level.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is below its signal line since May 6, 2022. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 July 29, 2022 at 20.34 and reached 19.63 on August 3, 2022. DBA lost 0.71 points, or 3.49%, in 5 days. The price is now at the 47.89% retracement level.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 15, 2022.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.11
Williams' Percentage Range (W%R) 48.80
Lane's Stochastic (%D-Slow) 52.89
Greed/Fear Indicator (GFI) 50.74
Moving Average Converg./Diverg. (MACD) -0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.84
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 13.39
Oversold
Greed/Fear Indicator (GFI) 24.84
Moving Average Converg./Diverg. (MACD) 0.18
Trading Signals
Description Value Chart
50 Day Moving Average 20.74
Upper Bollinger Band 20.49
Daily Stochastic Crossing 19.99
Price 19.97
20 Day Moving Average 19.84
Weekly Stochastic Crossing 19.72
Parabolic System 19.71
Lower Bollinger Band 19.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.63
Low Date 08/03/2022
High 20.10
High Date 08/05/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.34
High Date 07/29/2022
Low 19.63
Low Date 08/03/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.29
Low Date 07/22/2022
High 20.34
High Date 07/29/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 05/17/2022
Low 19.29
Low Date 07/22/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.15
Low Date 06/26/2020
High 23.01
High Date 05/17/2022
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.

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