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Downtrend ExhaustionArchive
- 5/22/2026 -
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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 -2.74 points, or -7.07%, and closed at 36.01 on Friday, May 22, 2026. Weekly volume was -16% below average.
 Long-term trend: [See DOW long-term trend chart]
A long-term downtrend had started on February 7, 2023 at 60.88 and reached 20.40 on August 11, 2025. DOW lost 40.48 points, or 66.49%, in 130 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 8.59 and resistance is at 60.34. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See DOW medium-term trend chart]
A medium-term uptrend had started on August 11, 2025 at 20.40 and reached 42.74 on March 31, 2026. DOW gained -22.34 points, or -109.51%, in 33 weeks. The price is now at the 30.13% retracement level.
 Weekly Technical Indicators: [See DOW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 22, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 13, 2026 at 40.17 and reached 35.56 on May 22, 2026. DOW lost 4.61 points, or 11.48%, in 9 days. The price is now at the 9.76% retracement level.
 Daily Technical Indicators: [See DOW 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. 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 May 5, 2026. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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