The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 2/16/2024 -
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PowerShares DB Agriculture Fund (DBA) Technical Analysis

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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved above its signal line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to 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 -0.45 points, or -2.03%, and closed at 21.69 on Friday, February 16, 2024. It was the worst weekly loss since December 22, 2023. Weekly volume was -48% 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 Symmetric Triangle chart pattern. The uptrend support line (21.80) 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 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 22.18 on February 12, 2024. DBA gained -1.79 points, or -8.78%, in 5 weeks. The price is now at the 27.37% retracement level.

Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 12, 2024 at 22.18 and reached 21.67 on February 16, 2024. DBA lost 0.51 points, or 2.30%, in 4 days. Price is near the trend low.

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 is close to 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) 62.88
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 48.11
Greed/Fear Indicator (GFI) 59.41
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.01
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 60.47
Greed/Fear Indicator (GFI) 58.16
Moving Average Converg./Diverg. (MACD) 0.02
Trading Signals
Description Value Chart
Yearly Trendline Resistance 22.39
Upper Bollinger Band 22.19
Parabolic System 22.15
Daily Stochastic Crossing 21.88
Yearly Trendline Support 21.80
Price 21.69
20 Day Moving Average 21.69
Weekly Stochastic Crossing 21.66
50 Day Moving Average 21.30
Lower Bollinger Band 21.12
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.18
High Date 02/12/2024
Low 21.67
Low Date 02/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.39
Low Date 01/08/2024
High 22.18
High Date 02/12/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 22.49
High Date 11/06/2023
Low 20.39
Low Date 01/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.25
Low Date 01/20/2023
High 22.49
High Date 11/06/2023
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 22.39
Support 21.80
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.