Tag Archives: DJIA

Candlestick chart analysis: Dow Jones Industrial Average

Near-term downtrend and the hammer for DJIA
Candlestick chart analysis for DJIA showing the near-term downtrend with support at 13,000 and the 200 day moving average. The hammer is a reversal pattern.

DJIA 6-Month Candlestick Chart

The hammer candlestick line is a reversal indicator. In this case, there is an increased probability that the six day near-term downtrend for DJIA will end. The price action for the hammer is a graphical representation of the index attempting to hold support at the 13,000 level which is also near the 200-day moving average. Follow the price action the next day which will confirm or nullify the hammer. A confirmed break below 13,000 would be a bad omen for the Dow. I use a time and percentage filter for the confirmation: 2% break that holds for two trading days. There is flexibility with this trading rule. As a matter of fact, there is flexibility with most trading rules in technical analysis.

Reference the last chart analysis for the Dow Jones Industrial Average.

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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: Dow Jones Industrial Average

The support level for the DOW is 12,200
Technical analysis of Dow Jones Industrial Average showing support and resistance levels

DJIA Daily Bar Chart

The major trend is up, the intermediate trend is sideways, and the near-term trend is down. The RSI shows that the Dow is currently oversold and maybe due for a bounce. Can a bounce translate into a new near-term uptrend? The support and resistance levels are identified on the above chart.

Reference the last trendline chart analysis for the DOW.

Reference the chart analysis for the Dow Jones Industrial Average posted on April 6, 2012 showing the projected retracement zone.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Technical Analysis: Uptrend over for DJIA

DJIA unable to break above the trendline
The current uptrend is over for the Dow Jones Industrial Average. It will either move into a consolidation zone or correct in the range of 10%

DJIA Daily Chart

The uptrend that started in October is over but this does not mean the index will suddenly go into a downtrend. There are three options for a trend: up, down and sideways. And there are three time periods for a trend: major, intermediate and near-term. The #3 is a ubiquitous number in technical analysis.

Reference the last trendline analysis for the Dow Jones Industrial Average.

Exxon grabs top spot from Wal-Mart in Fortune 500 ranking

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

DJIA Index: Breaking below the upward trendline

The trendline is now the resistance point
Daily chart of the Dow Jones Industrial Average showing the upward sloping trendline. The trendline has been broken.

DJIA Index Daily Chart

Reference the last chart analysis for the Dow Jones Industrial Average posted on April 6, 2012 showing the projected retracement zone.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

Dow Jones Industrial Average chart analysis

Projected retracement zone if the Dow fails to hold 13,000
Dow Jones Industrial Average chart analysis showing the projected retracement zone if the index cannot hold 13,000.

Dow Index Weekly Chart

Reference my last chart analysis for the Dow Jones Industrial Average.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

DJIA Index chart analysis

Major resistance for the DJIA Index is 12,800
Major resistance for the Dow Jones Industrial Average (DJIA) is 12,800. The bullish shaven head candlestick indicates that the index has a chance to break resistance but there has to be an increase in the weekly volume to sustain the near-term uptrend.

DJIA Three Year Weekly Chart

Major resistance for the Dow Jones Industrial Average (DJIA) is 12,800. The bullish shaven head candlestick indicates that the index has a chance to break resistance but there has to be an increase in the weekly volume to sustain the near-term uptrend.

Reference two previous charts for the DJIA:

  1. Doji candlestick represents indecision today for the DJIA — Posted Dec 27, 2011
  2. Near-term resistance is 12,300 on the weekly chart of the DJIA — Posted Dec 23, 2011

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The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca

DJIA daily candlestick chart

Doji candlestick represents indecision today for the DJIA
Daily candlestick chart for the DJIA showing the near-term resistance level of 12,300.

DJIA Daily Candlestick Charty

The key points from this chart of the Dow Jones Industrial Average is the resistance level of 12,300 and major resistance of 12,800. And we have the near-term uptrend so there is a good chance that the index can break 12,300 which would then become the new support level.

Reference last Friday’s chart analysis for the Dow Jones Industrial Average based on the weekly chart.

______________________________

The main purpose of TradeOnline.ca is a starting point for your own chart analysis. Technical analysis serves as a guidepost in your daily investment analysis and is used in conjunction with fundamental analysis. There is no magic formula for making profits when you trade online in the stock market. We are all students of the market, and one should never give up reviewing and learning the basics. Visit the Advanced Chart Settings and customize BigCharts so you can review different time periods.

______________________________

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2011 TradeOnline.ca