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DIAMONDS Trust, Series 1
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|It was a second positive week after 6 consecutive negative weeks for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 1.26 points, or 0.48%, and closed at 261.51 on Friday, June 14, 2019. Weekly volume was -45% below average. |
Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 216.97 and reached 266.86 on April 23, 2019. DIA gained -49.89 points, or -22.99%, in 16 weeks. The price is now at the 10.72% retracement level.
Medium-term trend: [See DIA medium-term trend chart]
A medium-term downtrend had started on April 23, 2019 at 266.86 and reached 247.04 on June 3, 2019. DIA lost 19.82 points, or 7.43%, in 5 weeks. The price is now at the 73.01% retracement level.
Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 17, 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 DIA short-term trend chart]
A short-term uptrend had started on June 3, 2019 at 247.04 and reached 262.87 on June 11, 2019. DIA gained -15.83 points, or -6.41%, in 8 days. The price is now at the 8.59% retracement level.
Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 June 5, 2019. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While 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.