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Archive
- 7/19/2024 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -1.18 points, or -3.68%, and closed at 30.88 on Friday, July 19, 2024. Weekly volume was -49% below average.
 Long-term trend: [See DJP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 41.71 and reached 29.15 on May 31, 2023. DJP lost 12.56 points, or 30.11%, in 51 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (29.55) is broken. A broken support is considered to be a long-term bullish signal. 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 DJP medium-term trend chart]
A medium-term uptrend had started on February 14, 2024 at 29.40 and reached 34.28 on May 21, 2024. DJP gained -4.88 points, or -16.60%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (34.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DJP may retest the broken support line. It is considered to be a resistance line now. 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 DJP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 5, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See DJP short-term trend chart]
A short-term downtrend had started on July 5, 2024 at 32.84 and reached 30.87 on July 19, 2024. DJP lost 1.97 points, or 6.00%, in 14 days. Price is near the trend low.
 Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since July 8, 2024. This is an indication that the short-term trend is down.
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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
32.84 |
| High Date |
07/05/2024 |
| Low |
30.87 |
| Low Date |
07/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
32.84 |
| High Date |
07/05/2024 |
| Low |
30.87 |
| Low Date |
07/19/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
34.28 |
| High Date |
05/21/2024 |
| Low |
30.87 |
| Low Date |
07/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
36.12 |
| Support |
34.22 |
| Low |
29.40 |
| Low Date |
02/14/2024 |
| High |
34.28 |
| High Date |
05/21/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
27.71 |
| Support |
29.55 |
| High |
41.71 |
| High Date |
06/08/2022 |
| Low |
29.15 |
| Low Date |
05/31/2023 |
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