The Greedy Trader Weekly Analysis
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Archive
- 7/5/2024 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :
Daily :A Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 257.01 points, or 0.66%, and closed at 39375.87 on Friday, July 5, 2024. Weekly volume was -9% below 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 40077.40 on May 20, 2024. ^DJI gained -11416.46 points, or -39.83%, in 83 weeks. The price is now at the 6.14% 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 40077.40 on May 20, 2024. ^DJI gained -7750.20 points, or -23.97%, in 29 weeks. The price is now at the 9.05% retracement level.

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. 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 39571.23 on June 24, 2024. ^DJI gained -1570.27 points, or -4.13%, in 25 days. The price is now at the 12.44% retracement level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 18, 2024. 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.

A Parabolic SAR (stop and reversal) indicator (39456.87) comes close to the price (39375.87). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.05
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 62.65
Greed/Fear Indicator (GFI) 71.77
Moving Average Converg./Diverg. (MACD) 67.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.59
Williams' Percentage Range (W%R) 31.00
Lane's Stochastic (%D-Slow) 52.45
Greed/Fear Indicator (GFI) 57.92
Moving Average Converg./Diverg. (MACD) 744.89
Trading Signals
Description Value Chart
Upper Bollinger Band 39589.54
Parabolic System 39456.87
Price 39375.87
Daily Stochastic Crossing 39247.05
Weekly Stochastic Crossing 39159.02
20 Day Moving Average 39013.32
50 Day Moving Average 38963.82
Lower Bollinger Band 38594.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38305.85
Low Date 06/14/2024
High 39571.23
High Date 06/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38000.96
Low Date 05/30/2024
High 39571.23
High Date 06/24/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32327.20
Low Date 10/27/2023
High 40077.40
High Date 05/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28660.94
Low Date 10/13/2022
High 40077.40
High Date 05/20/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 40077.40
High Date 05/20/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.