iPath Dow Jones-AIG Commodity Idx TR ETN
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|It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -0.34 points, or -1.46%, and closed at 22.93 on Friday, September 07, 2018. It was the worst weekly loss since July 13, 2018. Weekly volume was -8% below 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 (23.40) 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 May 29, 2018 at 25.80 and reached 22.07 on August 17, 2018. DJP lost 3.73 points, or 14.46%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic has bullish 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 bullish 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 below its signal line since June 15, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See DJP short-term trend chart]
A short-term downtrend had started on August 31, 2018 at 23.37 and reached 22.77 on September 6, 2018. DJP lost 0.60 points, or 2.57%, in 6 days. The price is now at the 26.67% retracement level.
Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since August 21, 2018. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.