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|It was a fourth consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 112.31 points, or 0.53%, and closed at 21384.28 on Friday, June 16, 2017. Weekly volume was 161% above average. |
Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 21391.97 on June 14, 2017. ^DJI gained -14951.89 points, or -232.17%, in 431 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (21281.26). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on April 19, 2017 at 20379.55 and reached 21391.97 on June 14, 2017. ^DJI gained -1012.42 points, or -4.97%, in 8 weeks. Price is near the trend high.
Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since March 31, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See ^DJI short-term trend chart]
A short-term uptrend had started on May 18, 2017 at 20553.45 and reached 21391.97 on June 14, 2017. ^DJI gained -838.52 points, or -4.08%, in 27 days. Price is near the trend high.
Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since May 24, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (21213.15) comes close to the price (21384.28). 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.