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- 2/7/2020 -
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Dow Jones (^DJI)

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 29131.24
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 846.48 points, or 3.00%, and closed at 29102.51 on Friday, February 7, 2020. Weekly volume was -19% 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 29408.05 on February 6, 2020. ^DJI gained -7695.52 points, or -35.44%, in 58 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (29131.24). 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 August 15, 2019 at 25339.60 and reached 29408.05 on February 6, 2020. ^DJI gained -4068.45 points, or -16.06%, in 25 weeks. The price is now at the 7.51% retracement level.

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 above its signal line since October 25, 2019. This is an indication that the medium-term trend is up. 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 January 31, 2020 at 28169.53 and reached 29408.05 on February 6, 2020. ^DJI gained -1238.52 points, or -4.40%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.09
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 69.70
Greed/Fear Indicator (GFI) 68.67
Moving Average Converg./Diverg. (MACD) 112.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.45
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 83.77
Overbought
Greed/Fear Indicator (GFI) 79.62
Moving Average Converg./Diverg. (MACD) 574.96
Trading Signals
Description Value Chart
Upper Bollinger Band 29480.07
Daily Stochastic Crossing 29186.59
Monthly Trendline Resistance 29131.24
Weekly Stochastic Crossing 29120.46
Price 29102.51
20 Day Moving Average 28948.39
50 Day Moving Average 28546.09
Monthly Trendline Support 28395.41
Lower Bollinger Band 28256.23
Parabolic System 28240.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28169.53
Low Date 01/31/2020
High 29408.05
High Date 02/06/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25339.60
Low Date 08/15/2019
High 29408.05
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 29131.24
Support 28395.41
Low 21712.53
Low Date 12/26/2018
High 29408.05
High Date 02/06/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 29408.05
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 29408.05
High Date 02/06/2020
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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