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PowerShares DB Agriculture Fund
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|It was a second consecutive positive week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gained 0.20 points, or 1.15%, and closed at 17.55 on Friday, October 12, 2018. Weekly volume was -31% 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 12.81 and resistance is at 20.55. 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 April 29, 2014 at 29.41 and reached 16.81 on September 4, 2018. DBA lost 12.60 points, or 42.84%, in 227 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 17.75 and resistance is at 15.67. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
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 uptrend had started on September 4, 2018 at 16.81 and reached 17.57 on October 12, 2018. DBA gained -0.76 points, or -4.52%, in 38 days. Price is near the trend high.
Daily Technical Indicators: [See DBA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since August 30, 2018. This is an indication that the short-term trend is up.