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Advanced TA SearchArchive
- 4/26/2024 -
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Dow Jones (^DJI) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 253.26 points, or 0.67%, and closed at 38239.66 on Friday, April 26, 2024. Weekly volume was 14% above average.
 Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 39889.05 on March 21, 2024. ^DJI gained -33448.97 points, or -519.39%, in 784 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30643.34 and resistance is at 42287.31. 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 March 21, 2024 at 39889.05 and reached 37611.56 on April 17, 2024. ^DJI lost 2277.49 points, or 5.71%, in 3 weeks. The price is now at the 27.58% 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 April 5, 2024. This is an indication that the medium-term trend is down. 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 April 17, 2024 at 37611.56 and reached 38561.50 on April 23, 2024. ^DJI gained -949.94 points, or -2.53%, in 6 days. The price is now at the 33.88% retracement level.
Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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