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Downtrend Broken Resist.Archive
- 5/8/2026 -
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PowerShares DB Agriculture Fund (DBA) Technical Analysis
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| Summary:
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| | It was the negative week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gave back -0.14 points, or -0.50%, and closed at 27.97 on Friday, May 8, 2026. Weekly volume was 283% above average.
 Long-term trend: [See DBA long-term trend chart]
A long-term uptrend had started on June 26, 2020 at 13.15 and reached 28.49 on February 19, 2025. DBA gained -15.34 points, or -116.65%, in 242 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 26.19 and resistance is at 31.41. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See DBA medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 28.49 and reached 25.27 on April 8, 2025. DBA lost 3.22 points, or 11.30%, in 6 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (25.47) 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 medium-term trend.
 Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 20, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 April 9, 2026 at 26.77 and reached 28.37 on May 5, 2026. DBA gained -1.60 points, or -5.98%, in 26 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 technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since April 22, 2026. 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.
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