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Archive
- 11/22/2024 -
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DIAMONDS Trust, Series 1 (DIA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 8.70 points, or 2.00%, and closed at 443.20 on Friday, November 22, 2024. Weekly volume was 31% above average.
 Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 286.62 and reached 444.90 on November 11, 2024. DIA gained -158.28 points, or -55.22%, in 108 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (362.77) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 DIA medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 323.21 and reached 444.90 on November 11, 2024. DIA gained -121.69 points, or -37.65%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (424.70) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 16, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 376.14 and reached 444.90 on November 11, 2024. DIA gained -68.76 points, or -18.28%, in 208 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (440.77). 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 short-term trend.
 Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since November 21, 2024. 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
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