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Archive
- 7/24/2026 -
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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 a third positive week after 7 consecutive negative weeks for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP gained 1.43 points, or 3.04%, and closed at 48.49 on Friday, July 24, 2026. Weekly volume was -57% below average.
 Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on May 31, 2023 at 29.15 and reached 51.73 on May 13, 2026. DJP gained -22.58 points, or -77.46%, in 154 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (29.76) 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 DJP medium-term trend chart]
A medium-term downtrend had started on May 13, 2026 at 51.73 and reached 43.03 on June 24, 2026. DJP lost 8.70 points, or 16.82%, in 6 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since May 29, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on June 24, 2026 at 43.03 and reached 49.11 on July 23, 2026. DJP gained -6.08 points, or -14.13%, in 29 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since July 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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