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Archive
- 5/29/2026 -
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DIAMONDS Trust, Series 1 (DIA) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA climbed 4.66 points, or 0.92%, and closed at 510.78 on Friday, May 29, 2026. Weekly volume was -21% below average.
 Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 286.62 and reached 511.31 on May 29, 2026. DIA gained -224.69 points, or -78.39%, in 189 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 401.40 and resistance is at 522.25. 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 DIA medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 450.44 and reached 511.31 on May 29, 2026. DIA gained -60.87 points, or -13.51%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (493.23) 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 medium-term trend.
 Weekly Technical Indicators: [See DIA 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 May 8, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on April 29, 2026 at 487.00 and reached 511.31 on May 29, 2026. DIA gained -24.31 points, or -4.99%, in 30 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since May 21, 2026. 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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