The Greedy Trader Weekly Analysis
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Bond & REIT ETFs Technical Analysis

Archive
- 3/17/2023 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP)

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Summary:
Weekly :Broken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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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 -0.65 points, or -2.09%, and closed at 30.50 on Friday, March 17, 2023. DJP was trading at average weekly trading volume.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 15.61 and reached 41.71 on June 8, 2022. DJP gained -26.10 points, or -167.20%, in 116 weeks. The price is now at the 42.95% retracement level.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term downtrend had started on June 8, 2022 at 41.71 and reached 30.18 on March 16, 2023. DJP lost 11.53 points, or 27.64%, in 40 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (32.74) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since June 10, 2022. 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 March 3, 2023 at 32.50 and reached 30.18 on March 16, 2023. DJP lost 2.32 points, or 7.14%, in 13 days. The price is now at the 13.79% retracement level.

Daily Technical Indicators: [See DJP 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.

The daily MACD line is below its signal line since March 8, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.29
Williams' Percentage Range (W%R) 80.20
Oversold
Lane's Stochastic (%D-Slow) 16.38
Oversold
Greed/Fear Indicator (GFI) 24.50
Moving Average Converg./Diverg. (MACD) -0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.03
Williams' Percentage Range (W%R) 91.60
Strong Oversold
Lane's Stochastic (%D-Slow) 17.74
Oversold
Greed/Fear Indicator (GFI) 22.76
Moving Average Converg./Diverg. (MACD) -0.66
Trading Signals
Description Value Chart
Quarterly Trendline Support 32.74
Upper Bollinger Band 32.52
Quarterly Trendline Resistance 32.31
50 Day Moving Average 32.27
Parabolic System 31.71
20 Day Moving Average 31.46
Weekly Stochastic Crossing 30.72
Price 30.50
Daily Stochastic Crossing 30.40
Lower Bollinger Band 30.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.50
High Date 03/03/2023
Low 30.18
Low Date 03/16/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.95
High Date 01/18/2023
Low 30.18
Low Date 03/16/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.68
High Date 08/23/2022
Low 30.18
Low Date 03/16/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 32.31
Support 32.74
High 41.71
High Date 06/08/2022
Low 30.18
Low Date 03/16/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.61
Low Date 03/18/2020
High 41.71
High Date 06/08/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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