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Advanced TA SearchArchive
- 5/10/2024 -
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PowerShares DB Agriculture Fund (DBA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the PowerShares DB Agriculture Fund (DBA). During the week, the DBA gained 0.70 points, or 2.92%, and closed at 24.67 on Friday, May 10, 2024. Weekly volume was 75% 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 26.61 on April 24, 2024. DBA gained -13.46 points, or -102.36%, in 199 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (21.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 January 8, 2024 at 20.39 and reached 26.61 on April 24, 2024. DBA gained -6.22 points, or -30.51%, in 15 weeks. The price is now at the 31.19% retracement level.
 Weekly Technical Indicators: [See DBA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 weekly MACD line is above its signal line since February 9, 2024. This is an indication that the medium-term trend is up. 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 April 24, 2024 at 26.61 and reached 23.35 on May 2, 2024. DBA lost 3.26 points, or 12.25%, in 8 days. Price is near the Fibonacci 38.2% 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 above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 25, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (24.87) comes close to the price (24.67). 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.
The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 149.44% higher then one year average. It indicates the period of high volatility of the stock price. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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