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Downtrend ExhaustionArchive
- 7/10/2026 -
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Dow Chemical (DOW) Technical Analysis
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| Summary:
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| | It was a first positive week after 4 consecutive negative weeks for the Dow Chemical (DOW). During the week, the DOW gained 1.32 points, or 4.76%, and closed at 29.03 on Friday, July 10, 2026. It was the best weekly gain since May 15, 2026. Weekly volume was -21% below average.
DOW is a member of Commodity Chemicals Industry. Commodity Chemicals is the third 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 downtrend had started on April 21, 2022 at 71.86 and reached 20.40 on August 11, 2025. DOW lost 51.46 points, or 71.61%, in 172 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (13.11) is broken. A broken support is considered to be a long-term bullish signal. 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 DOW medium-term trend chart]
A medium-term downtrend had started on May 5, 2026 at 41.48 and reached 26.80 on July 1, 2026. DOW lost 14.68 points, or 35.39%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 25.49 and resistance is at 29.86. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See DOW weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 22, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 uptrend had started on July 1, 2026 at 26.80 and reached 29.90 on July 8, 2026. DOW gained -3.10 points, or -11.57%, in 7 days. The price is now at the 28.06% retracement level.
 Daily Technical Indicators: [See DOW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
 Candlestick pattern: [See DOW candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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