Taking everything into account, DIA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DIA is only an average performer.
Besides having an excellent technical rating, DIA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 487.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 483.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DIA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 470.58 to 483.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 447.95 to 459.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @379.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 487.03 to 487.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DIA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DIA is up. |
| ChartMill Relative Strength | 68.4 | NEUTRAL | DIA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DIA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DIA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DIA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.11 | NEUTRAL | The RSI value for DIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests DIA has a positive trend. |
| Stochastics (14,3) | 75.04 | NEUTRAL | The Stochastics value for DIA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for DIA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.33 | NEUTRAL | The ADX value for DIA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 487.89 | 479.40 | 8.49 (1.74%) | 25.00% |
| An entry @487.89. This is a Buy Stop order right above the resistance zone. | An exit @479.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.49 points, which is 1.74%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
487.03
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SPDR DJIA TRUST / DIA FAQ
What is the ChartMill technical rating of SPDR DJIA TRUST (DIA) stock?
ChartMill assigns a technical rating of 7 / 10 to DIA.
What is the current trend direction of SPDR DJIA TRUST (DIA) stock?
The current trend direction for SPDR DJIA TRUST (DIA) is Bullish.
What is the RSI signal for SPDR DJIA TRUST (DIA) stock?
SPDR DJIA TRUST (DIA) has an RSI value of 63.1062. This indicates that the stock is currently neutral.
What is the MACD signal for SPDR DJIA TRUST (DIA) stock?
The MACD indicator for SPDR DJIA TRUST (DIA) has a value of 0.23143, indicating a bearish trend.
What is the buy/sell signal for SPDR DJIA TRUST (DIA) stock?
The buy/sell signal for SPDR DJIA TRUST (DIA) is buy as both the short term and long term trends are positive.