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Advanced TA SearchArchive
- 11/19/2021 -
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Dow Jones (^DJI) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI dropped -498.33 points, or -1.38%, and closed at 35601.98 on Friday, November 19, 2021. It was the worst weekly loss since September 10, 2021. Weekly volume was 31% 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 36565.73 on November 8, 2021. ^DJI gained -30125.65 points, or -467.78%, in 661 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (24052.03) 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 September 20, 2021 at 33613.03 and reached 36565.73 on November 8, 2021. ^DJI gained -2952.70 points, or -8.78%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34456.40 and resistance is at 37017.11. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 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 downtrend had started on November 8, 2021 at 36565.73 and reached 35555.37 on November 19, 2021. ^DJI lost 1010.36 points, or 2.76%, in 11 days. Price is near the trend low.
 Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since November 10, 2021. This is an indication that the short-term trend is down.
During the last week, the price has declined below 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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