Dow Jones Industrial A (DJI.NDX)

Short term

Dow Jones Industrial Average has broken the rising trend up in the short term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. 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 43300 points. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive

Medium 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 medium 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 40000 points. 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