Advanced TA SearchArchive
- 1/7/2022 -
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Dow Jones (^DJI)
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|It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -106.64 points, or -0.29%, and closed at 36231.66 on Friday, January 7, 2022. Weekly volume was 44% above average. |
Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 36952.65 on January 5, 2022. ^DJI gained -30512.57 points, or -473.79%, in 669 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (24232.21) 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 March 23, 2020 at 18213.65 and reached 36952.65 on January 5, 2022. ^DJI gained -18739.00 points, or -102.88%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 34877.07 and resistance is at 38151.14. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 June 4, 2021. 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 December 20, 2021 at 34665.50 and reached 36952.65 on January 5, 2022. ^DJI gained -2287.15 points, or -6.60%, in 16 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since December 21, 2021. 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.
A Parabolic SAR (stop and reversal) indicator (36004.93) comes close to the price (36231.66). 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.