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Advanced TA SearchArchive
- 4/19/2024 -
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DIAMONDS Trust, Series 1 (DIA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was the negative week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gave back -0.12 points, or -0.03%, and closed at 379.80 on Friday, April 19, 2024. Weekly volume was 36% 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 398.82 on March 21, 2024. DIA gained -112.20 points, or -39.15%, in 75 weeks. The price is now at the 16.95% retracement level.
 Medium-term trend: [See DIA medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 398.82 and reached 376.14 on April 17, 2024. DIA lost 22.68 points, or 5.69%, in 3 weeks. The price is now at the 16.14% retracement level.
 Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. 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 381.03 on April 19, 2024. DIA gained -4.89 points, or -1.30%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is relatively high, but getting smaller.
A Parabolic SAR (stop and reversal) indicator (383.33) comes close to the price (379.80). 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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