Dow Jones Industrial A (DJI.NDX)

Short term

Dow Jones Industrial Average is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 40700 points. The index is assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

Dow Jones Industrial Average has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has met the objective at 39088 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. The index has marginally broken up through resistance at points 40000. An established break predicts a further rise. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive

Long term

Dow Jones Industrial Average has broken through the floor of a rising trend channel in the long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has met the objective at 39088 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. The index has support at points 34000 and resistance at points 45000. 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 neutral for the long term.

Recommendation one to six quarters: Hold