The Greedy Trader Weekly Analysis
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Archive
- 1/10/2020 -
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Dow Jones (^DJI)

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergenceTrend resistance at 28901.04
Daily :Williams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 188.89 points, or 0.66%, and closed at 28823.77 on Friday, January 10, 2020. Weekly volume was -30% 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 29009.07 on January 10, 2020. ^DJI gained -7296.54 points, or -33.61%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (28901.04). 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 29009.07 on January 10, 2020. ^DJI gained -3669.47 points, or -14.48%, in 21 weeks. The price is now at the 5.05% retracement level.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Relative Strength Index, 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index 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 October 3, 2019 at 25743.46 and reached 29009.07 on January 10, 2020. ^DJI gained -3265.61 points, or -12.69%, in 99 days. The price is now at the 5.67% retracement 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. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since January 8, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.02
Bearish
Williams' Percentage Range (W%R) 2.70
Strong Overbought
Lane's Stochastic (%D-Slow) 69.50
Bearish
Greed/Fear Indicator (GFI) 76.26
Moving Average Converg./Diverg. (MACD) 232.86 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.75
Strong Overbought
Williams' Percentage Range (W%R) 0.90
Strong Overbought
Lane's Stochastic (%D-Slow) 91.98
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 85.04
Overbought
Moving Average Converg./Diverg. (MACD) 468.07
Trading Signals
Description Value Chart
Upper Bollinger Band 28970.93
Monthly Trendline Resistance 28901.04
Weekly Stochastic Crossing 28898.82
Price 28823.77
Daily Stochastic Crossing 28821.88
20 Day Moving Average 28524.63
Parabolic System 28414.97
50 Day Moving Average 28059.95
Lower Bollinger Band 28040.05
Monthly Trendline Support 27950.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25743.46
Low Date 10/03/2019
High 29009.07
High Date 01/10/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25339.60
Low Date 08/15/2019
High 29009.07
High Date 01/10/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 28901.04
Support 27950.86
Low 21712.53
Low Date 12/26/2018
High 29009.07
High Date 01/10/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 29009.07
High Date 01/10/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 29009.07
High Date 01/10/2020
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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