|
|
Advanced TA SearchArchive
- 4/5/2024 -
Sign In to see current Signals. |
Dow Chemical (DOW) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Dow Chemical (DOW). During the week, the DOW gained 1.76 points, or 3.04%, and closed at 59.69 on Friday, April 5, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was 11% above average.
DOW is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DOW long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 71.86 and reached 42.91 on October 13, 2022. DOW lost 28.95 points, or 40.29%, in 25 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (49.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DOW may retest the broken resistance line. It is considered to be a support line now. 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 DOW medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 47.26 and reached 60.69 on April 4, 2024. DOW gained -13.43 points, or -28.42%, in 23 weeks. The price is now at the 7.45% retracement level.
 Weekly Technical Indicators: [See DOW 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 December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See DOW short-term trend chart]
A short-term uptrend had started on March 20, 2024 at 56.38 and reached 60.69 on April 4, 2024. DOW gained -4.31 points, or -7.64%, in 15 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See DOW 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
| |
|
|