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Commodity Chemicals Industry Stocks Technical Analysis - DOWArchive
- 5/2/2025 -
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Dow Chemical (DOW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Dow Chemical (DOW). During the week, the DOW gained 0.40 points, or 1.33%, and closed at 30.42 on Friday, May 2, 2025. Weekly volume was 52% above average.
 Long-term trend: [See DOW long-term trend chart]
A long-term downtrend had started on April 4, 2024 at 60.69 and reached 25.06 on April 9, 2025. DOW lost 35.63 points, or 58.71%, in 52 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (32.37) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See DOW medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 55.67 and reached 25.06 on April 9, 2025. DOW lost 30.61 points, or 54.98%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 21.64 and resistance is at 31.30. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DOW weekly technical indicators chart]
Weekly Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Relative Strength Index help.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See DOW short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 25.06 and reached 31.06 on May 2, 2025. DOW gained -6.00 points, or -23.94%, in 23 days. The price is now at the 10.67% retracement level.
 Daily Technical Indicators: [See DOW daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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