The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineLane's Stochastic is oversoldTrend resistance at 52438.09
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Dow Jones (^DJI). During the week, the ^DJI climbed 347.46 points, or 0.67%, and closed at 52002.41 on Friday, October 16, 2026. Weekly volume was -18% below 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 54744.33 on August 5, 2026. ^DJI gained -48304.25 points, or -750.06%, in 908 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (37442.89) 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 ^DJI medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 15370.33 and reached 54744.33 on August 5, 2026. ^DJI gained -39374.00 points, or -256.17%, in 571 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (52438.09). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

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 downtrend had started on August 5, 2026 at 54744.33 and reached 50546.54 on October 1, 2026. ^DJI lost 4197.79 points, or 7.67%, in 57 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 5, 2026.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.23
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 73.11
Greed/Fear Indicator (GFI) 72.63
Moving Average Converg./Diverg. (MACD) -259.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.67
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 19.64
Oversold
Greed/Fear Indicator (GFI) 40.01
Moving Average Converg./Diverg. (MACD) 1007.06
Trading Signals
Description Value Chart
Monthly Trendline Resistance 56517.36
50 Day Moving Average 52460.31
Upper Bollinger Band 52449.55
Quarterly Trendline Resistance 52438.09
Daily Stochastic Crossing 52046.13
Price 52002.41
20 Day Moving Average 51531.08
Parabolic System 51478.32
Weekly Stochastic Crossing 51214.37
Lower Bollinger Band 51039.67
Monthly Trendline Support 49931.54
Yearly Trendline Resistance 49894.56
Quarterly Trendline Support 41679.02
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending 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 Uptrend
Status
Resistance
Support
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 56517.36
Support 49931.54
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 Rising Channel
Status Test Resistance
Resistance 52438.09
Support 41679.02
Low 15370.33
Low Date 08/24/2015
High 54744.33
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 49894.56
Support 37442.89
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.