The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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PowerShares DB Agriculture Fund
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Summary:
Weekly :
Daily :Price has crossed below the 50 Day Moving AverageThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gave back -0.08 points, or -0.42%, and closed at 19.06 on Friday, December 01, 2017. Weekly volume was 7% above average.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on April 29, 2014 at 29.41 and reached 18.33 on August 30, 2017. DBA lost 11.08 points, or 37.67%, in 174 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 19.70 and resistance is at 18.33. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on January 11, 2017 at 21.00 and reached 18.33 on August 30, 2017. DBA lost 2.67 points, or 12.71%, in 33 weeks. The price is now at the 27.34% retracement level.

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

The weekly MACD line is above its signal line since October 13, 2017. 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 August 30, 2017 at 18.33 and reached 19.51 on November 1, 2017. DBA gained -1.18 points, or -6.44%, in 63 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since November 10, 2017. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.69
Williams' Percentage Range (W%R) 74.60
Lane's Stochastic (%D-Slow) 58.57
Greed/Fear Indicator (GFI) 39.56
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.33
Williams' Percentage Range (W%R) 63.10
Lane's Stochastic (%D-Slow) 66.55
Greed/Fear Indicator (GFI) 52.28
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Quarterly Trendline Support 19.70
Upper Bollinger Band 19.45
Weekly Stochastic Crossing 19.26
20 Day Moving Average 19.20
Daily Stochastic Crossing 19.18
50 Day Moving Average 19.13
Price 19.06
Parabolic System 18.92
Lower Bollinger Band 18.86
Quarterly Trendline Resistance 18.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.33
Low Date 08/30/2017
High 19.51
High Date 11/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 21.00
High Date 01/11/2017
Low 18.33
Low Date 08/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 18.33
Low Date 08/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 18.33
Support 19.70
High 29.41
High Date 04/29/2014
Low 18.33
Low Date 08/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 18.33
Low Date 08/30/2017
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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