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Archive
- 6/6/2025 -
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DIAMONDS Trust, Series 1 (DIA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 5.53 points, or 1.31%, and closed at 428.38 on Friday, June 6, 2025. Weekly volume was -15% below average.
 Long-term trend: [See DIA long-term trend chart]
A long-term downtrend had started on December 4, 2024 at 451.55 and reached 366.30 on April 7, 2025. DIA lost 85.25 points, or 18.88%, in 17 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 328.50 and resistance is at 447.77. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See DIA medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 366.30 and reached 430.09 on June 6, 2025. DIA gained -63.79 points, or -17.41%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 426.71 and resistance is at 440.32. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DIA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on May 23, 2025 at 413.83 and reached 430.09 on June 6, 2025. DIA gained -16.26 points, or -3.93%, in 14 days. The price is now at the 10.52% retracement level.
 Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range 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.
The price touches the upper Bollinger Band. 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.
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