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- 11/1/2019 -
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Dow Jones (^DJI)
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|It was a second consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 389.30 points, or 1.44%, and closed at 27347.36 on Friday, November 1, 2019. It was the best weekly gain since September 13, 2019. Weekly volume was 1777% above average. |
Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 21712.53 and reached 27398.68 on July 16, 2019. ^DJI gained -5686.15 points, or -26.19%, in 28 weeks. Price is near the trend high.
Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 25339.60 and reached 27347.43 on November 1, 2019. ^DJI gained -2007.83 points, or -7.92%, in 11 weeks. Price is near the trend high.
Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
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 ^DJI short-term trend chart]
A short-term uptrend had started on October 3, 2019 at 25743.46 and reached 27347.43 on November 1, 2019. ^DJI gained -1603.97 points, or -6.23%, in 29 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See ^DJI 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 14, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.