The Greedy Trader Weekly Analysis
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- 10/23/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
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It was a third consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 212.75 points, or 0.41%, and closed at 52215.16 on Friday, October 23, 2026. Weekly volume was -24% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 28660.94 and reached 54744.33 on August 5, 2026. ^DJI gained -26083.39 points, or -91.01%, in 198 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41343.05 and resistance is at 54250.87. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 36611.78 and reached 54744.33 on August 5, 2026. ^DJI gained -18132.55 points, or -49.53%, in 69 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 50105.15 and resistance is at 56690.96. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since September 4, 2026. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term downtrend had started on August 5, 2026 at 54744.33 and reached 50546.54 on October 1, 2026. ^DJI lost 4197.79 points, or 7.67%, in 57 days. The chart has formed a Broadening Descending Wedge chart pattern.

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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 5, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 62.41
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 80.44
Overbought
Greed/Fear Indicator (GFI) 77.71
Moving Average Converg./Diverg. (MACD) -41.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.49
Williams' Percentage Range (W%R) 42.30
Lane's Stochastic (%D-Slow) 28.14
Greed/Fear Indicator (GFI) 45.27
Moving Average Converg./Diverg. (MACD) 933.42
Trading Signals
Description Value Chart
Monthly Trendline Resistance 56690.96
Quarterly Trendline Resistance 54250.87
Upper Bollinger Band 53159.62
Parabolic System 52980.81
Daily Stochastic Crossing 52690.48
50 Day Moving Average 52320.03
Price 52215.16
20 Day Moving Average 51721.00
Weekly Stochastic Crossing 51569.97
Lower Bollinger Band 50897.96
Monthly Trendline Support 50105.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 54744.33
High Date 08/05/2026
Low 50546.54
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45057.28
Low Date 03/30/2026
High 54744.33
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 56690.96
Support 50105.15
Low 36611.78
Low Date 04/07/2025
High 54744.33
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 54250.87
Support 41343.05
Low 28660.94
Low Date 10/13/2022
High 54744.33
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 54744.33
High Date 08/05/2026
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.