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Archive
- 11/15/2024 -
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Dow Chemical (DOW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Dow Chemical (DOW). During the week, the DOW dropped -2.45 points, or -5.27%, and closed at 44.04 on Friday, November 15, 2024. Weekly volume was 38% above average.
DOW is a member of Commodity Chemicals Industry. Commodity Chemicals is the second most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DOW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 42.91 and reached 60.88 on February 7, 2023. DOW gained -17.97 points, or -41.88%, in 16 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (51.74) 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. DOW 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 long-term trend.
 Medium-term trend: [See DOW medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 60.69 and reached 44.03 on November 15, 2024. DOW lost 16.66 points, or 27.45%, in 32 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The downtrend support line (48.18) 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 DOW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See DOW short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 55.67 and reached 44.03 on November 15, 2024. DOW lost 11.64 points, or 20.91%, in 49 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (45.02) 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 short-term trend.
 Daily Technical Indicators: [See DOW daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since October 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (21.98%) is close to one year high (17.47%). It is 165.17% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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