The Greedy Trader Weekly Analysis
Sign In Sep 13, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 9/6/2019 -
Sign In to see current Signals.

Dow Jones (^DJI)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the Dow Jones (^DJI). During the week, the ^DJI gained 394.18 points, or 1.49%, and closed at 26797.46 on Friday, September 6, 2019. Weekly volume was -28% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 21712.53 and reached 27398.68 on July 16, 2019. ^DJI gained -5686.15 points, or -26.19%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 26521.85 and resistance is at 27846.97. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term downtrend had started on July 16, 2019 at 27398.68 and reached 25339.60 on August 15, 2019. ^DJI lost 2059.08 points, or 7.52%, in 4 weeks. The price is now at the 70.80% retracement level.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 9, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 August 15, 2019 at 25339.60 and reached 26860.87 on September 6, 2019. ^DJI gained -1521.27 points, or -6.00%, in 22 days. Price is near the trend high.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily 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 daily MACD line is above its signal line since August 27, 2019. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.74
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 84.09
Overbought
Greed/Fear Indicator (GFI) 81.06
Overbought
Moving Average Converg./Diverg. (MACD) -94.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.38
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 38.21
Greed/Fear Indicator (GFI) 56.53
Moving Average Converg./Diverg. (MACD) 287.34
Trading Signals
Description Value Chart
Monthly Trendline Resistance 27846.97
Upper Bollinger Band 26971.82
Price 26797.46
Daily Stochastic Crossing 26651.40
50 Day Moving Average 26567.16
Monthly Trendline Support 26521.85
20 Day Moving Average 26103.41
Weekly Stochastic Crossing 26088.87
Parabolic System 25967.51
Lower Bollinger Band 25602.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25339.60
Low Date 08/15/2019
High 26860.87
High Date 09/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27398.68
High Date 07/16/2019
Low 25339.60
Low Date 08/15/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 27846.97
Support 26521.85
Low 21712.53
Low Date 12/26/2018
High 27398.68
High Date 07/16/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 27398.68
High Date 07/16/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 27398.68
High Date 07/16/2019
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.

Copyright© 2004-2018 All rights reserved.