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Archive
- 5/8/2026 -
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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 109.89 points, or 0.22%, and closed at 49609.16 on Friday, May 8, 2026. Weekly volume was -11% 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 50512.79 on February 10, 2026. ^DJI gained -21851.85 points, or -76.24%, in 173 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40182.23 and resistance is at 51922.70. 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 February 10, 2026 at 50512.79 and reached 45057.28 on March 30, 2026. ^DJI lost 5455.51 points, or 10.80%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (49925.67) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 20, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 50130.20 on May 7, 2026. ^DJI gained -5072.92 points, or -11.26%, in 38 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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