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Downtrend ResistanceArchive
- 6/5/2026 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP) Technical Analysis
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| Summary:
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| | It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -1.24 points, or -2.56%, and closed at 47.15 on Friday, June 5, 2026. It was the worst weekly loss since April 10, 2026. Weekly volume was -48% below average.
 Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on May 31, 2023 at 29.15 and reached 51.73 on May 13, 2026. DJP gained -22.58 points, or -77.46%, in 154 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (29.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 29.35 and reached 51.73 on May 13, 2026. DJP gained -22.38 points, or -76.25%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (35.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 DJP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 31.48 and reached 51.73 on May 13, 2026. DJP gained -20.25 points, or -64.33%, in 399 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41.91 and resistance is at 52.13. 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 short-term trend.
 Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 19, 2026. The distance between MACD and the signal line is relatively high, but getting smaller.
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