The Greedy Trader Weekly Analysis
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- 5/15/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is above and near the priceThe Bollinger Bands are historically close together
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -82.99 points, or -0.17%, and closed at 49526.17 on Friday, May 15, 2026. ^DJI was trading at average weekly trading volume.

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 40245.97 and resistance is at 52023.05. 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 81.92% retracement level.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 50200.54 on May 14, 2026. ^DJI gained -5143.26 points, or -11.41%, in 45 days. The chart has formed a Rising Wedge chart pattern.

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.

The daily MACD line is below its signal line since May 7, 2026. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (49382.91) comes close to the price (49526.17). It indicates that the trend is getting weaker. 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 distance between the Bollinger Bands (2.47%) is close to one year low (2.49%). It is 50.07% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 54.24
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 67.97
Greed/Fear Indicator (GFI) 68.03
Moving Average Converg./Diverg. (MACD) 475.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.10
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 84.45
Overbought
Greed/Fear Indicator (GFI) 74.70
Moving Average Converg./Diverg. (MACD) 559.49
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 52023.05
Daily Stochastic Crossing 49909.93
Upper Bollinger Band 49882.41
Weekly Stochastic Crossing 49637.11
Price 49526.17
20 Day Moving Average 49452.53
Parabolic System 49382.91
Lower Bollinger Band 48660.59
50 Day Moving Average 47988.89
Quarterly Trendline Support 40245.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 45057.28
Low Date 03/30/2026
High 50200.54
High Date 05/14/2026
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 52023.05
Support 40245.97
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.