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Bond & REIT ETFs Technical Analysis

Archive
- 11/12/2021 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP)

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Summary:
Weekly :
Daily :A Parabolic SAR indicator is below and near the priceThe price is close to the moving average in the center of the Bollinger Bands
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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 -0.07 points, or -0.23%, and closed at 29.93 on Friday, November 12, 2021. Weekly volume was -46% below average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 15.61 and reached 31.00 on October 25, 2021. DJP gained -15.39 points, or -98.59%, in 83 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.93 and resistance is at 32.23. 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 DJP medium-term trend chart]
A medium-term uptrend had started on March 30, 2021 at 23.31 and reached 31.00 on October 25, 2021. DJP gained -7.69 points, or -32.99%, in 29 weeks. The price is now at the 13.91% retracement level.

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

The weekly MACD line is above its signal line since October 1, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on November 9, 2021 at 29.50 and reached 30.30 on November 16, 2021. DJP gained -0.80 points, or -2.71%, in 7 days. The price is now at the 46.25% retracement level.

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

The daily MACD line is below its signal line since October 26, 2021.

A Parabolic SAR (stop and reversal) indicator (30.14) comes close to the price (29.93). 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.45
Williams' Percentage Range (W%R) 77.30
Lane's Stochastic (%D-Slow) 43.02
Greed/Fear Indicator (GFI) 34.05
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.67
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 78.80
Greed/Fear Indicator (GFI) 71.01
Moving Average Converg./Diverg. (MACD) 1.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 32.23
Upper Bollinger Band 30.66
Weekly Stochastic Crossing 30.46
20 Day Moving Average 30.12
Parabolic System 30.07
Daily Stochastic Crossing 29.86
50 Day Moving Average 29.67
Price 29.65
Lower Bollinger Band 29.26
Yearly Trendline Support 27.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.30
High Date 11/16/2021
Low 29.60
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.50
Low Date 11/09/2021
High 30.30
High Date 11/16/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.00
High Date 10/25/2021
Low 29.50
Low Date 11/09/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.31
Low Date 03/30/2021
High 31.00
High Date 10/25/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 32.23
Support 27.93
Low 15.61
Low Date 03/18/2020
High 31.00
High Date 10/25/2021
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.

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