The Greedy Trader Weekly Analysis
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Archive
- 5/18/2018
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PowerShares DB Agriculture Fund
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% 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 18.87 on Friday, May 18, 2018. Weekly volume was -47% below 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 18.18 on December 12, 2017. DBA lost 11.23 points, or 38.18%, in 189 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (17.86) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term uptrend had started on December 12, 2017 at 18.18 and reached 19.68 on March 6, 2018. DBA gained -1.50 points, or -8.25%, in 12 weeks. The price is now at the 54.00% 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 January 19, 2018. 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 May 3, 2018 at 19.54 and reached 18.65 on May 15, 2018. DBA lost 0.89 points, or 4.55%, in 12 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 May 8, 2018. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (18.99) comes close to the price (18.87). It indicates that the trend is getting weaker. 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.

Price is close to the 50 Day Moving Average. While 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.67
Williams' Percentage Range (W%R) 84.30
Oversold
Lane's Stochastic (%D-Slow) 13.59
Oversold
Greed/Fear Indicator (GFI) 23.00
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.04
Williams' Percentage Range (W%R) 65.40
Lane's Stochastic (%D-Slow) 53.63
Greed/Fear Indicator (GFI) 45.62
Moving Average Converg./Diverg. (MACD) -0.05
Trading Signals
Description Value Chart
Upper Bollinger Band 19.46
20 Day Moving Average 19.06
Weekly Stochastic Crossing 19.00
Parabolic System 18.99
50 Day Moving Average 18.98
Price 18.87
Daily Stochastic Crossing 18.73
Lower Bollinger Band 18.49
Quarterly Trendline Support 17.86
Quarterly Trendline Resistance 17.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 19.54
High Date 05/03/2018
Low 18.65
Low Date 05/15/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.32
Low Date 04/04/2018
High 19.54
High Date 05/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.18
Low Date 12/12/2017
High 19.68
High Date 03/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 17.14
Support 17.86
High 29.41
High Date 04/29/2014
Low 18.18
Low Date 12/12/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.58
High Date 03/04/2011
Low 18.18
Low Date 12/12/2017
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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