Overall DIA gets a technical rating of 7 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- DIA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- DIA has an average volume of 6031850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, DIA outperforms 61% of them, which is more or less in line with the market.
- In the last month DIA has a been trading in a tight range between 478.38 and 496.34.
Besides having an excellent technical rating, DIA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 495.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 492.17, a Stop Loss order could be placed below this zone.
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376.00
We found 4 important support areas.
- A support zone ranging from 479.80 to 492.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @469.28 from a horizontal line in the daily time frame.
- A support zone ranging from 454.86 to 458.09. 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 495.03 to 495.91. 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 | 61.15 | 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) | 57.18 | NEUTRAL | The RSI value for DIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests DIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.89 | NEUTRAL | The Stochastics value for DIA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.02 | LOW VOLATILITY | The low ATR as a percentage value for DIA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for DIA suggests a weak or negative 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 |
|---|---|---|---|
| 495.92 | 484.24 | 11.69 (2.36%) | 25.00% |
| An entry @495.92. This is a Buy Stop order right above the resistance zone. | An exit @484.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 11.69 points, which is 2.36%. | For a 0.59% 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.
494.06
+3.13 (+0.64%)
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 trend direction for 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 57.1848. This indicates that the stock is currently neutral.
What is the short term momentum for SPDR DJIA TRUST (DIA) stock?
The short term momentum for SPDR DJIA TRUST (DIA) is positive.
Can you provide the support and resistance levels for SPDR DJIA TRUST?
SPDR DJIA TRUST (DIA) has a support level at 492.17 and a resistance level at 495.03. Check the full technical report for our detailed analysis of DIA support and resistance levels.