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Bond & REIT ETFs Technical Analysis - DJPArchive
- 11/24/2023 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP gave back -0.09 points, or -0.29%, and closed at 31.29 on Friday, November 24, 2023. Weekly volume was -64% 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 price is now at the 17.04% retracement level.
 Medium-term trend: [See DJP medium-term trend chart]
A medium-term downtrend had started on September 19, 2023 at 33.23 and reached 30.88 on October 5, 2023. DJP lost 2.35 points, or 7.07%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (33.73) is broken. Usually a broken support is considered to be a long-term bearish 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 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 November 10, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 20, 2023 at 32.95 and reached 31.17 on November 24, 2023. DJP lost 1.78 points, or 5.40%, in 35 days. The price is now at the 6.74% retracement level.
 Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since November 6, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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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 |
32.95 |
| High Date |
10/20/2023 |
| Low |
31.17 |
| Low Date |
11/24/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
32.47 |
| Support |
33.73 |
| High |
33.23 |
| High Date |
09/19/2023 |
| Low |
30.88 |
| Low Date |
10/05/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
29.15 |
| Low Date |
05/31/2023 |
| High |
33.23 |
| High Date |
09/19/2023 |
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| Quarterly 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 |
41.71 |
| High Date |
06/08/2022 |
| Low |
29.15 |
| Low Date |
05/31/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
15.61 |
| Low Date |
03/18/2020 |
| High |
41.71 |
| High Date |
06/08/2022 |
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