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Downtrend ExhaustionArchive
- 6/12/2026 -
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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 gave back -0.12 points, or -0.35%, and closed at 33.85 on Friday, June 12, 2026. Weekly volume was -9% 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 7.75 and resistance is at 60.33. 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 downtrend had started on March 31, 2026 at 42.74 and reached 32.57 on June 9, 2026. DOW lost 10.17 points, or 23.80%, in 10 weeks. The price is now at the 12.59% retracement level.
 Weekly Technical Indicators: [See DOW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 22, 2026. This is an indication that the medium-term trend is down. 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 5, 2026 at 41.48 and reached 32.57 on June 9, 2026. DOW lost 8.91 points, or 21.48%, in 35 days. The price is now at the 14.37% 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
 Candlestick pattern: [See DOW candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.
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