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Advanced TA SearchArchive
- 7/19/2024 -
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Dow Jones (^DJI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 286.63 points, or 0.72%, and closed at 40287.53 on Friday, July 19, 2024. Weekly volume was 9% 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 41376.00 on July 18, 2024. ^DJI gained -12715.06 points, or -44.36%, in 92 weeks. The price is now at the 8.56% retracement level.
 Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 32327.20 and reached 41376.00 on July 18, 2024. ^DJI gained -9048.80 points, or -27.99%, in 37 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (40265.75). 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 medium-term trend.
 Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is low and getting smaller. 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 May 30, 2024 at 38000.96 and reached 41376.00 on July 18, 2024. ^DJI gained -3375.04 points, or -8.88%, in 49 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See ^DJI 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 June 18, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (40163.07) comes close to the price (40287.53). It indicates that the trend is getting weaker. 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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