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|It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -12.69 points, or -0.05%, and closed at 26412.30 on Friday, April 12, 2019. Weekly volume was -22% below average. |
Long-term trend: [See ^DJI long-term trend chart]
A long-term downtrend had started on October 3, 2018 at 26951.81 and reached 21712.53 on December 26, 2018. ^DJI lost 5239.28 points, or 19.44%, in 12 weeks. The price is now at the 89.70% retracement level.
Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 21712.53 and reached 26487.60 on April 5, 2019. ^DJI gained -4775.07 points, or -21.99%, in 14 weeks. Price is near the trend high.
Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. 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 March 11, 2019 at 25208.00 and reached 26487.60 on April 5, 2019. ^DJI gained -1279.60 points, or -5.08%, in 25 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since March 29, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.