SPDR DJIA TRUST (DIA) Stock Technical Analysis
USA - NYSEARCA:DIA - US78467X1090 - ETF
We assign a technical rating of 8 out of 10 to DIA. Although DIA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
DIA has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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376.00
We found 3 important support areas.
- A support zone ranging from 448.82 to 470.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 435.71 to 440.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 475.02 to 477.16. 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 | 66.73 | 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) | 63.86 | NEUTRAL | The RSI value for DIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.05 | POSITIVE | The MACD value suggests DIA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.84 | OVERBOUGHT | The high Stochastics value suggests DIA may be overbought. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for DIA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for DIA suggests a strong 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 |
|---|---|---|---|
| 477.17 | 458.91 | 18.26 (3.83%) | 25.00% |
| An entry @477.17. This is a Buy Stop order right above the resistance zone. | An exit @458.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 18.26 points, which is 3.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- 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.
475.01
-1.36 (-0.29%)
SPDR DJIA TRUST / DIA FAQ
What is the ChartMill technical rating of SPDR DJIA TRUST (DIA) stock?
ChartMill assigns a technical rating of 8 / 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 63.8619. 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 1.05309, indicating a bullish 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.