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Advanced TA SearchArchive - 5/3/2024 - Sign In to see current Signals. |
Dow Chemical (DOW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Dow Chemical (DOW). During the week, the DOW gave back -0.26 points, or -0.45%, and closed at 57.03 on Friday, May 3, 2024. DOW was trading at average weekly trading volume. DOW is a member of Materials Sector. Materials is the most overbought sector. 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 42.91 on October 13, 2022. DOW lost 28.95 points, or 40.29%, in 25 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (49.46) 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 uptrend had started on October 25, 2023 at 47.26 and reached 60.69 on April 4, 2024. DOW gained -13.43 points, or -28.42%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (58.44) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend. Weekly Technical Indicators: [See DOW weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 1, 2023. 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 April 4, 2024 at 60.69 and reached 55.06 on April 25, 2024. DOW lost 5.63 points, or 9.28%, in 21 days. The price is now at the 34.99% retracement level. Daily Technical Indicators: [See DOW daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since April 10, 2024. 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. During the last week, the price 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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