Dow Jones Industrial A (DJI.NDX)

Short term

Dow Jones Industrial Average has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has marginally broken up through resistance at points 43300. An established break predicts a further rise. 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 could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive

Medium term

Dow Jones Industrial Average shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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

Investors have paid higher prices over time to buy Dow Jones Industrial Average and the index is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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