The Greedy Trader Weekly Analysis
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- 4/1/2021 -
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Dow Jones (^DJI)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 80.33 points, or 0.24%, and closed at 33153.21 on Thursday, April 1, 2021. Weekly volume was -77% below 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 33259.00 on March 29, 2021. ^DJI gained -26818.92 points, or -416.44%, in 629 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (23167.51) 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 33259.00 on March 29, 2021. ^DJI gained -7115.23 points, or -27.22%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 32324.75 and resistance is at 33868.44. 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 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 29, 2021 at 29856.30 and reached 33259.00 on March 29, 2021. ^DJI gained -3402.70 points, or -11.40%, in 59 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.78
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 86.16
Overbought
Greed/Fear Indicator (GFI) 78.58
Moving Average Converg./Diverg. (MACD) 389.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.17
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 84.47
Overbought Bearish
Greed/Fear Indicator (GFI) 80.63
Overbought
Moving Average Converg./Diverg. (MACD) 1095.46
Trading Signals
Description Value Chart
Weekly Trendline Resistance 33868.44
Upper Bollinger Band 33492.73
Price 33153.21
Daily Stochastic Crossing 33093.27
Weekly Stochastic Crossing 32983.96
20 Day Moving Average 32630.88
Weekly Trendline Support 32324.75
Parabolic System 32111.07
50 Day Moving Average 31741.85
Lower Bollinger Band 31642.37
Yearly Trendline Resistance 31050.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 29856.30
Low Date 01/29/2021
High 33259.00
High Date 03/29/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 33868.44
Support 32324.75
Low 26143.77
Low Date 10/30/2020
High 33259.00
High Date 03/29/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18213.65
Low Date 03/23/2020
High 33259.00
High Date 03/29/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 33259.00
High Date 03/29/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 31050.10
Support 23167.51
Low 6440.08
Low Date 03/09/2009
High 33259.00
High Date 03/29/2021
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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