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Downtrend Broken Resist.Archive
- 8/15/2025 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP) Technical Analysis
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| Summary:
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| | It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP gave back -0.01 points, or -0.03%, and closed at 33.57 on Friday, August 15, 2025. Weekly volume was -56% below average.
 Long-term trend: [See DJP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 41.71 and reached 29.15 on May 31, 2023. DJP lost 12.56 points, or 30.11%, in 51 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (29.52) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on May 31, 2023 at 29.15 and reached 36.02 on June 18, 2025. DJP gained -6.87 points, or -23.57%, in 107 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 29.59 and resistance is at 36.61. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 25, 2025. Use the following link to access a MACD help.
 Short-term trend: [See DJP short-term trend chart]
A short-term downtrend had started on June 18, 2025 at 36.02 and reached 33.27 on August 14, 2025. DJP lost 2.75 points, or 7.63%, in 57 days. The price is now at the 10.91% retracement level.
 Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since July 25, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (33.67) comes close to the price (33.57). 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.
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