INVESCO DB AGRICULTURE FUND (DBA) Stock Technical Analysis
NYSEARCA:DBA • US46140H1068
Taking everything into account, DBA scores 2 out of 10 in our technical rating. In the past year, DBA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 69% of all other stocks performed better in the past year than DBA.
- DBA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month DBA has a been trading in a tight range between 25.54 and 26.11.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, DBA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.59
2 important support areas can be observed.
- A support zone ranging from 25.44 to 25.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.84 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 26.01 to 26.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @26.98 from a horizontal line in the daily time frame.
- Resistance @27.64 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 28.17 to 28.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DBA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DBA is up. |
| ChartMill Relative Strength | 31.48 | NEUTRAL | DBA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DBA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DBA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DBA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.46 | NEUTRAL | The RSI value for DBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DBA has a positive trend. |
| Stochastics (14,3) | 88.02 | OVERBOUGHT | The high Stochastics value suggests DBA may be overbought. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for DBA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.27 | NEGATIVE | The low ADX value for DBA suggests a weak or negative trend. |
25.97
-0.06 (-0.23%)
INVESCO DB AGRICULTURE FUND / DBA FAQ
What is the ChartMill technical rating of INVESCO DB AGRICULTURE FUND (DBA) stock?
ChartMill assigns a technical rating of 2 / 10 to DBA.
What is the current trend direction of INVESCO DB AGRICULTURE FUND (DBA) stock?
The current trend direction for INVESCO DB AGRICULTURE FUND (DBA) is Bearish.
Can you provide the RSI signal for INVESCO DB AGRICULTURE FUND?
INVESCO DB AGRICULTURE FUND (DBA) has an RSI value of 57.4641. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for INVESCO DB AGRICULTURE FUND?
The buy/sell signal for INVESCO DB AGRICULTURE FUND (DBA) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for INVESCO DB AGRICULTURE FUND?
INVESCO DB AGRICULTURE FUND (DBA) has a support level at 25.94 and a resistance level at 26.01. Check the full technical report for our detailed analysis of DBA support and resistance levels.