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Downtrend Broken Resist.Archive
- 1/3/2025 -
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Dow Chemical (DOW) Technical Analysis
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| Summary:
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| | It was the negative week for the Dow Chemical (DOW). During the week, the DOW dropped -0.63 points, or -1.57%, and closed at 39.40 on Friday, January 3, 2025. Weekly volume was 46% above average.
DOW is a member of Materials Sector. Materials is the most oversold sector. DOW is a member of Commodity Chemicals Industry. Commodity Chemicals is the 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 4, 2024 at 60.69 and reached 38.85 on December 20, 2024. DOW lost 21.84 points, or 35.99%, in 37 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The downtrend support line (47.24) 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 long-term trend.
 Medium-term trend: [See DOW medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 55.67 and reached 38.85 on December 20, 2024. DOW lost 16.82 points, or 30.21%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (39.63). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DOW weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index, Williams' Percentage Range and 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 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 near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 November 25, 2024 at 46.35 and reached 38.85 on December 20, 2024. DOW lost 7.50 points, or 16.18%, in 25 days. The price is now at the 7.33% 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.
The daily MACD line is above its signal line since December 23, 2024.
A Parabolic SAR (stop and reversal) indicator (39.16) comes close to the price (39.40). It indicates that the trend is getting weaker. 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.
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