The Greedy Trader Weekly Analysis
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- 4/24/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaThe period of high volatility of the stock price
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -216.72 points, or -0.44%, and closed at 49230.71 on Friday, April 24, 2026. Weekly volume was -12% 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 50512.79 on February 10, 2026. ^DJI gained -21851.85 points, or -76.24%, in 173 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40054.74 and resistance is at 51721.99. 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 downtrend had started on February 10, 2026 at 50512.79 and reached 45057.28 on March 30, 2026. ^DJI lost 5455.51 points, or 10.80%, in 6 weeks. The price is now at the 76.50% retracement level.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 20, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 49848.69 on April 21, 2026. ^DJI gained -4791.41 points, or -10.63%, in 22 days. The price is now at the 12.90% retracement level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since March 31, 2026. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 118.75% higher then one year average. It indicates the period of high volatility of the stock price. 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) 78.27
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 76.90
Greed/Fear Indicator (GFI) 81.38
Overbought
Moving Average Converg./Diverg. (MACD) 382.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.44
Williams' Percentage Range (W%R) 21.90
Lane's Stochastic (%D-Slow) 45.69
Greed/Fear Indicator (GFI) 58.12
Moving Average Converg./Diverg. (MACD) 585.04
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 51721.99
Upper Bollinger Band 51038.83
Daily Stochastic Crossing 49435.57
Price 49230.71
Parabolic System 48716.73
50 Day Moving Average 47884.49
20 Day Moving Average 47846.42
Weekly Stochastic Crossing 47632.77
Lower Bollinger Band 45524.77
Quarterly Trendline Support 40054.74
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45057.28
Low Date 03/30/2026
High 49848.69
High Date 04/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50512.79
High Date 02/10/2026
Low 45057.28
Low Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36611.78
Low Date 04/07/2025
High 50512.79
High Date 02/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 51721.99
Support 40054.74
Low 28660.94
Low Date 10/13/2022
High 50512.79
High Date 02/10/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 50512.79
High Date 02/10/2026
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.