The Greedy Trader Weekly Analysis
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Quarterly Pattern:Ascending Triangle
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
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PowerShares DB Agriculture Fund
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Summary:
Weekly :
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gave back -0.15 points, or -0.79%, and closed at 18.82 on Friday, February 09, 2018. Weekly volume was 50% above average.

Long-term trend: [See DBA long-term trend chart]
A long-term downtrend had started on June 9, 2016 at 23.01 and reached 18.18 on December 12, 2017. DBA lost 4.83 points, or 20.99%, in 78 weeks. The price is now at the 13.25% retracement level.

Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on January 2, 2018 at 19.01 and reached 18.45 on January 12, 2018. DBA lost 0.56 points, or 2.95%, in 1 weeks. The price is now at the 66.07% 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. 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 January 12, 2018 at 18.45 and reached 19.03 on February 7, 2018. DBA gained -0.58 points, or -3.14%, in 26 days. The chart has formed a Rising Wedge chart pattern.

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.

The daily MACD line is above its signal line since January 23, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

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.

Price is close to the 50 Day Moving Average. 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) 55.20
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 54.81
Greed/Fear Indicator (GFI) 59.08
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.19
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 53.79
Greed/Fear Indicator (GFI) 49.48
Moving Average Converg./Diverg. (MACD) -0.22
Trading Signals
Description Value Chart
Upper Bollinger Band 19.11
Parabolic System 19.05
Daily Stochastic Crossing 18.91
Price 18.82
20 Day Moving Average 18.80
50 Day Moving Average 18.70
Weekly Stochastic Crossing 18.67
Lower Bollinger Band 18.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 18.45
Low Date 01/12/2018
High 19.03
High Date 02/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.01
High Date 01/02/2018
Low 18.45
Low Date 01/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 06/09/2016
Low 18.18
Low Date 12/12/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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