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DIAMONDS Trust, Series 1
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|It was a seventh positive week after 3 consecutive negative weeks for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 0.84 points, or 0.34%, and closed at 251.32 on Friday, February 8, 2019. Weekly volume was -44% below average. |
Long-term trend: [See DIA long-term trend chart]
A long-term downtrend had started on October 3, 2018 at 269.28 and reached 216.97 on December 26, 2018. DIA lost 52.31 points, or 19.43%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (248.17). 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 DIA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 216.97 and reached 254.35 on February 6, 2019. DIA gained -37.38 points, or -17.23%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (268.73) 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 medium-term trend.
Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See DIA short-term trend chart]
A short-term downtrend had started on February 6, 2019 at 254.35 and reached 249.13 on February 8, 2019. DIA lost 5.22 points, or 2.05%, in 2 days. The price is now at the 41.95% retracement level.
Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since January 3, 2019. The distance between MACD and the signal line is low and getting smaller.