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Archive
- 1/15/2021 -
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Dow Jones (^DJI)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineMACD bearish divergence
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -283.71 points, or -0.91%, and closed at 30814.26 on Friday, January 15, 2021. It was the worst weekly loss since October 30, 2020. Weekly volume was -79% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 18213.65 and reached 31223.78 on January 14, 2021. ^DJI gained -13010.13 points, or -71.43%, in 42 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (27389.66) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 ^DJI medium-term trend chart]
A medium-term uptrend had started on October 30, 2020 at 26143.77 and reached 31223.78 on January 14, 2021. ^DJI gained -5080.01 points, or -19.43%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 30226.37 and resistance is at 30902.47. 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 medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 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 weekly 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 weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term downtrend had started on January 14, 2021 at 31223.78 and reached 30612.67 on January 15, 2021. ^DJI lost 611.11 points, or 1.96%, in 1 days. The price is now at the 32.99% retracement level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

The distance between the Bollinger Bands is falling, and it was 4.8% on Friday. It is 58.50% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.94
Williams' Percentage Range (W%R) 20.20
Lane's Stochastic (%D-Slow) 82.22
Overbought
Greed/Fear Indicator (GFI) 75.31
Moving Average Converg./Diverg. (MACD) 319.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.31
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.40
Strong Overbought
Greed/Fear Indicator (GFI) 82.68
Overbought
Moving Average Converg./Diverg. (MACD) 885.19 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 31331.28
Parabolic System 31255.00
Weekly Stochastic Crossing 31116.50
Daily Stochastic Crossing 31053.48
Weekly Trendline Resistance 30902.47
Price 30814.26
20 Day Moving Average 30566.37
Monthly Trendline Resistance 30310.63
Weekly Trendline Support 30226.37
50 Day Moving Average 29997.44
Lower Bollinger Band 29852.06
Monthly Trendline Support 27389.66
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31223.78
High Date 01/14/2021
Low 30612.67
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 30902.47
Support 30226.37
Low 26143.77
Low Date 10/30/2020
High 31223.78
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 30310.63
Support 27389.66
Low 18213.65
Low Date 03/23/2020
High 31223.78
High Date 01/14/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 31223.78
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 31223.78
High Date 01/14/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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