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S&P 500 Oversold StocksArchive - 3/15/2024 - Sign In to see current Signals. |
Dow Chemical (DOW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Dow Chemical (DOW). During the week, the DOW climbed 0.43 points, or 0.76%, and closed at 57.04 on Friday, March 15, 2024. Weekly volume was 35% above average. DOW is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See DOW long-term trend chart] A long-term downtrend had started on April 21, 2022 at 71.86 and reached 42.91 on October 13, 2022. DOW lost 28.95 points, or 40.29%, in 25 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (48.89) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend. Medium-term trend: [See DOW medium-term trend chart] A medium-term uptrend had started on October 25, 2023 at 47.26 and reached 58.74 on March 13, 2024. DOW gained -11.48 points, or -24.29%, in 20 weeks. The price is now at the 14.81% retracement level. Weekly Technical Indicators: [See DOW 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. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See DOW short-term trend chart] A short-term uptrend had started on February 5, 2024 at 52.36 and reached 58.74 on March 13, 2024. DOW gained -6.38 points, or -12.18%, in 37 days. The chart has formed a Rising Wedge chart pattern. Daily Technical Indicators: [See DOW daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 14, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. A Parabolic SAR (stop and reversal) indicator (56.94) comes close to the price (57.04). 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.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Materials |
10 |
Industry |
Commodity Chemicals |
98 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Wedge |
Low |
52.36 |
Low Date |
02/05/2024 |
High |
58.74 |
High Date |
03/13/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
52.04 |
Low Date |
01/17/2024 |
High |
58.74 |
High Date |
03/13/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
47.26 |
Low Date |
10/25/2023 |
High |
58.74 |
High Date |
03/13/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
42.91 |
Low Date |
10/13/2022 |
High |
60.88 |
High Date |
02/07/2023 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
45.67 |
Support |
48.89 |
High |
71.86 |
High Date |
04/21/2022 |
Low |
42.91 |
Low Date |
10/13/2022 |
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