The Greedy Trader Weekly Analysis
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.

Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.

Downtrend Exhaustion

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- 10/30/2026 -
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Dow Chemical (DOW) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtBroken trend resistance line20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fourth positive week after 6 consecutive negative weeks for the Dow Chemical (DOW). During the week, the DOW gained 2.09 points, or 6.41%, and closed at 34.70 on Friday, October 30, 2026. Weekly volume was -18% below average.

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 (10.60) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DOW may retest the broken resistance line. It is considered to be a support 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 resistance line 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 chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (27.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See DOW weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 1, 2026 at 26.61 and reached 34.85 on October 30, 2026. DOW gained -8.24 points, or -30.97%, in 29 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (30.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See DOW daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.08
Overbought
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 91.58
Strong Overbought
Greed/Fear Indicator (GFI) 88.14
Overbought
Moving Average Converg./Diverg. (MACD) 0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.66
Williams' Percentage Range (W%R) 24.30
Lane's Stochastic (%D-Slow) 46.58
Greed/Fear Indicator (GFI) 59.88
Moving Average Converg./Diverg. (MACD) -0.67
Trading Signals
Description Value Chart
Upper Bollinger Band 35.99
Price 34.70
Daily Stochastic Crossing 34.40
Parabolic System 33.15
Weekly Stochastic Crossing 31.19
Weekly Trendline Support 30.73
20 Day Moving Average 30.63
50 Day Moving Average 29.90
Weekly Trendline Resistance 29.83
Quarterly Trendline Resistance 28.63
Monthly Trendline Resistance 28.63
Quarterly Trendline Support 27.84
Lower Bollinger Band 26.74
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Commodity Chemicals 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.93
Low Date 10/12/2026
High 34.85
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 29.83
Support 30.73
Low 26.61
Low Date 10/01/2026
High 34.85
High Date 10/30/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 28.63
Support 26.54
High 42.74
High Date 03/31/2026
Low 26.61
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.63
Support 27.84
Low 20.40
Low Date 08/11/2025
High 42.74
High Date 03/31/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 9.49
Support 10.60
High 71.86
High Date 04/21/2022
Low 20.40
Low Date 08/11/2025
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.