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Advanced TA SearchArchive - 10/18/2024 - Sign In to see current Signals. |
Dow Jones (^DJI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a sixth consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 412.05 points, or 0.96%, and closed at 43275.91 on Friday, October 18, 2024. Weekly volume was -15% below average. Long-term trend: [See ^DJI long-term trend chart] A long-term uptrend had started on October 27, 2023 at 32327.20 and reached 43325.09 on October 18, 2024. ^DJI gained -10997.89 points, or -34.02%, in 51 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (39166.99) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a long-term trend. Medium-term trend: [See ^DJI medium-term trend chart] A medium-term uptrend had started on April 17, 2024 at 37611.56 and reached 43325.09 on October 18, 2024. ^DJI gained -5713.53 points, or -15.19%, in 26 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (43486.23). 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 ^DJI weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 and Williams' Percentage Range help. The weekly MACD line is above its signal line since August 16, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See ^DJI short-term trend chart] A short-term uptrend had started on August 5, 2024 at 38499.27 and reached 43325.09 on October 18, 2024. ^DJI gained -4825.82 points, or -12.53%, in 74 days. Price is near the trend high. Daily Technical Indicators: [See ^DJI daily technical indicators chart] Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is above its signal line since October 10, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger. The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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