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Investtech Indices
Dow Jones Industrial A (DJI.DJIA)
Close: 43 297.00 (+390.08), Dec 24, 2024
Weak Positive
Low risk
Automatic technical analysis. Short term, Dec 24, 2024
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. The short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Dow Jones Industrial Average. 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 (Score: 33)
More analyses of Dow Jones Industrial Average
Candlesticks
Short term: Weak Positive
Medium term: Positive
Long term: Positive
Learn more about key technical aspects of this stock:
TrendRising trend
Rising trends indicate that the company experiences positive development and increasing buy interest among investors.
Momentum,RSIHigh negative momentum and oversold
The stock has high negative momentum and RSI is oversold, see the green colour in the price chart. The stock has fallen a lot, without significant corrections upwards. This is to be expected in falling trends, but may indicate that the price soon will rise in horizontal or rising trends.
Support and resistancePrice near resistance
Price is near resistance. The stock has reversed here before. Many investors find it to be expensive and may wish to sell.
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The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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