Dow Jones Industrial A (DJI.NDX)

Short term

Investors have paid higher prices over time to buy Dow Jones Industrial Average and the index is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index is testing resistance at points 43300. This could give a negative reaction, but an upward breakthrough of points 43300 means a positive signal. RSI is below 30 after the falling prices of the past weeks. The index has strong negative momentum and further decline is indicated. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically slightly positive for the short term.

Recommendation one to six weeks: Weak Positive

Medium term

Dow Jones Industrial Average is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has support at points 40000 and resistance at points 45000. The index is assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

Dow Jones Industrial Average is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 34000 points. The index is assessed as technically positive for the long term.

Recommendation one to six quarters: Positive