The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversold
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 477.99 points, or 0.93%, and closed at 51654.95 on Friday, October 9, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -22% 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 41224.05 and resistance is at 54050.17. 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 49757.93 and resistance is at 56343.75. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 uptrend had started on March 30, 2026 at 45057.28 and reached 54744.33 on August 5, 2026. ^DJI gained -9687.05 points, or -21.50%, in 128 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (55489.88) 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 short-term trend.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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

The price is close to the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.42
Williams' Percentage Range (W%R) 67.70
Lane's Stochastic (%D-Slow) 64.37
Greed/Fear Indicator (GFI) 47.04
Moving Average Converg./Diverg. (MACD) -401.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.40
Williams' Percentage Range (W%R) 63.30
Lane's Stochastic (%D-Slow) 19.05
Oversold
Greed/Fear Indicator (GFI) 34.48
Moving Average Converg./Diverg. (MACD) 1091.67
Trading Signals
Description Value Chart
Weekly Trendline Resistance 58330.94
Monthly Trendline Resistance 56343.75
Weekly Trendline Support 55489.88
Quarterly Trendline Resistance 54050.17
50 Day Moving Average 52633.54
Upper Bollinger Band 52424.77
Price 51654.95
20 Day Moving Average 51536.81
Daily Stochastic Crossing 51361.56
Weekly Stochastic Crossing 51055.22
Lower Bollinger Band 50898.68
Parabolic System 50699.59
Monthly Trendline Support 49757.93
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 Rising Channel
Status Broken Support
Resistance 58330.94
Support 55489.88
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 56343.75
Support 49757.93
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 54050.17
Support 41224.05
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.