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Advanced TA SearchArchive
- 11/22/2024 -
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Dow Jones (^DJI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 851.52 points, or 1.96%, and closed at 44296.51 on Friday, November 22, 2024. Weekly volume was 62% above average.
 Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 28660.94 and reached 44486.70 on November 11, 2024. ^DJI gained -15825.76 points, or -55.22%, in 108 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (36281.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 ^DJI medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 32327.20 and reached 44486.70 on November 11, 2024. ^DJI gained -12159.50 points, or -37.61%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (42460.62) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 16, 2024. 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 April 17, 2024 at 37611.56 and reached 44486.70 on November 11, 2024. ^DJI gained -6875.14 points, or -18.28%, in 208 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (44111.37). 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 short-term trend.
 Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 21, 2024. 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.
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.
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