The Greedy Trader Weekly Analysis
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Archive
- 11/9/2018
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PowerShares DB Agriculture Fund
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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageThe price touches the lower Bollinger Band
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It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA dropped -0.46 points, or -2.59%, and closed at 17.31 on Friday, November 09, 2018. It was the worst weekly loss since July 13, 2018. Weekly volume was -13% below average.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on March 4, 2011 at 35.58 and reached 16.81 on September 4, 2018. DBA lost 18.77 points, or 52.75%, in 391 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 12.65 and resistance is at 20.39. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on May 3, 2018 at 19.54 and reached 16.81 on September 4, 2018. DBA lost 2.73 points, or 13.97%, in 17 weeks. The price is now at the 18.32% 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 5, 2018. 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 September 4, 2018 at 16.81 and reached 17.82 on October 17, 2018. DBA gained -1.01 points, or -6.01%, in 43 days. The price is now at the 50.50% retracement level.

Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range 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 touches the lower Bollinger Band. 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.

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) 39.31
Williams' Percentage Range (W%R) 81.10
Oversold
Lane's Stochastic (%D-Slow) 41.75
Greed/Fear Indicator (GFI) 33.31
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.12
Williams' Percentage Range (W%R) 59.40
Lane's Stochastic (%D-Slow) 77.07
Greed/Fear Indicator (GFI) 55.93
Moving Average Converg./Diverg. (MACD) -0.37
Trading Signals
Description Value Chart
Yearly Trendline Resistance 20.39
Upper Bollinger Band 17.76
Parabolic System 17.73
Weekly Stochastic Crossing 17.61
20 Day Moving Average 17.60
Daily Stochastic Crossing 17.46
50 Day Moving Average 17.31
Price 17.31
Lower Bollinger Band 17.27
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.81
Low Date 09/04/2018
High 17.82
High Date 10/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.54
High Date 05/03/2018
Low 16.81
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 16.81
Low Date 09/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.41
High Date 04/29/2014
Low 16.81
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 20.39
Support 12.65
High 35.58
High Date 03/04/2011
Low 16.81
Low Date 09/04/2018
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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