The Greedy Trader Weekly Analysis
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Archive
- 3/6/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :Broken trend support lineTrend resistance at 47310.48
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI dropped -1476.37 points, or -3.01%, and closed at 47501.55 on Friday, March 6, 2026. ^DJI was trading at average weekly trading volume.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 50512.79 on February 10, 2026. ^DJI gained -44072.71 points, or -684.35%, in 883 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (47310.48). 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 long-term trend.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term downtrend had started on February 10, 2026 at 50512.79 and reached 47009.01 on March 6, 2026. ^DJI lost 3503.78 points, or 6.94%, in 3 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (48060.97) 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 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 February 20, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term downtrend had started on February 26, 2026 at 49815.22 and reached 47009.01 on March 6, 2026. ^DJI lost 2806.21 points, or 5.63%, in 8 days. The price is now at the 17.55% retracement level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since February 12, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.51
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 31.98
Greed/Fear Indicator (GFI) 26.11
Moving Average Converg./Diverg. (MACD) -57.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.62
Williams' Percentage Range (W%R) 56.90
Lane's Stochastic (%D-Slow) 62.38
Greed/Fear Indicator (GFI) 51.62
Moving Average Converg./Diverg. (MACD) 1197.62
Trading Signals
Description Value Chart
Upper Bollinger Band 50338.17
20 Day Moving Average 49263.53
Weekly Trendline Resistance 49228.17
50 Day Moving Average 49117.43
Weekly Stochastic Crossing 49016.64
Parabolic System 48813.34
Weekly Trendline Support 48060.97
Daily Stochastic Crossing 47887.51
Lower Bollinger Band 47544.40
Price 47501.55
Yearly Trendline Resistance 47310.48
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49815.22
High Date 02/26/2026
Low 47009.01
Low Date 03/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 49228.17
Support 48060.97
High 50512.79
High Date 02/10/2026
Low 47009.01
Low Date 03/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36611.78
Low Date 04/07/2025
High 50512.79
High Date 02/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28660.94
Low Date 10/13/2022
High 50512.79
High Date 02/10/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 47310.48
Support 33653.30
Low 6440.08
Low Date 03/09/2009
High 50512.79
High Date 02/10/2026
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.