The Greedy Trader Weekly Analysis
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Archive
- 2/1/2019
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iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Broken trend support line
Daily :Relative Strength Index, Lane's Stochastic and MACD bearish divergencePrice is close to the 50 Day Moving Average
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It was a first positive week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP climbed 0.02 points, or 0.09%, and closed at 22.56 on Friday, February 1, 2019. Weekly volume was 103% above average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 19.50 and reached 25.80 on May 29, 2018. DJP gained -6.30 points, or -32.31%, in 122 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (23.99) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term downtrend had started on October 3, 2018 at 24.65 and reached 20.38 on December 26, 2018. DJP lost 4.27 points, or 17.32%, in 12 weeks. The price is now at the 51.05% retracement level.

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

The weekly MACD line is below its signal line since November 9, 2018. 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 DJP short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 20.38 and reached 22.76 on January 31, 2019. DJP gained -2.38 points, or -11.68%, in 36 days. The price is now at the 8.40% retracement level.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily technical indicators are neutral. 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 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 Relative Strength Index help.

The daily MACD line is above its signal line since January 4, 2019. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. 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) 60.98
Bearish
Williams' Percentage Range (W%R) 21.80
Lane's Stochastic (%D-Slow) 54.25
Bearish
Greed/Fear Indicator (GFI) 64.46
Moving Average Converg./Diverg. (MACD) 0.02 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.25
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 50.94
Greed/Fear Indicator (GFI) 49.04
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Yearly Trendline Resistance 25.91
Yearly Trendline Support 23.99
Upper Bollinger Band 22.79
Price 22.56
Daily Stochastic Crossing 22.53
50 Day Moving Average 22.37
20 Day Moving Average 22.24
Weekly Stochastic Crossing 22.13
Parabolic System 22.12
Lower Bollinger Band 21.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.13
Low Date 01/28/2019
High 22.76
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.38
Low Date 12/26/2018
High 22.76
High Date 01/31/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.65
High Date 10/03/2018
Low 20.38
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.80
High Date 05/29/2018
Low 20.38
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 25.91
Support 23.99
Low 19.50
Low Date 01/20/2016
High 25.80
High Date 05/29/2018
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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