The Greedy Trader Weekly Analysis
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- 10/2/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :
Daily :Broken trend support lineA Parabolic SAR indicator is below and near the price
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI dropped -651.66 points, or -1.26%, and closed at 51176.96 on Friday, October 2, 2026. Weekly volume was -9% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 28660.94 and reached 54744.33 on August 5, 2026. ^DJI gained -26083.39 points, or -91.01%, in 198 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 41164.55 and resistance is at 53949.81. 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 uptrend had started on April 7, 2025 at 36611.78 and reached 54744.33 on August 5, 2026. ^DJI gained -18132.55 points, or -49.53%, in 69 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 49584.33 and resistance is at 56170.14. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 4, 2026. 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 54744.33 on August 5, 2026. ^DJI gained -9687.05 points, or -21.50%, in 128 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (55111.44) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 14, 2026. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (51387.24) comes close to the price (51176.96). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.86
Williams' Percentage Range (W%R) 77.50
Lane's Stochastic (%D-Slow) 21.17
Greed/Fear Indicator (GFI) 26.17
Moving Average Converg./Diverg. (MACD) -412.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.51
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 25.61
Greed/Fear Indicator (GFI) 36.16
Moving Average Converg./Diverg. (MACD) 1175.52
Trading Signals
Description Value Chart
Weekly Trendline Resistance 57952.51
Monthly Trendline Resistance 56170.14
Weekly Trendline Support 55111.44
Quarterly Trendline Resistance 53949.81
Upper Bollinger Band 53076.46
50 Day Moving Average 52710.56
20 Day Moving Average 51854.95
Parabolic System 51387.24
Weekly Stochastic Crossing 51232.64
Price 51176.96
Daily Stochastic Crossing 50798.64
Lower Bollinger Band 50589.74
Monthly Trendline Support 49584.33
Quarterly Trendline Support 41164.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 54744.33
High Date 08/05/2026
Low 50546.54
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 57952.51
Support 55111.44
Low 45057.28
Low Date 03/30/2026
High 54744.33
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 56170.14
Support 49584.33
Low 36611.78
Low Date 04/07/2025
High 54744.33
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 53949.81
Support 41164.55
Low 28660.94
Low Date 10/13/2022
High 54744.33
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 54744.33
High Date 08/05/2026
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.