Taking everything into account, DJIA scores 7 out of 10 in our technical rating. Although DJIA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, DJIA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 22.57, a Stop Loss order could be placed below this zone.
More info and screens
20.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.08 to 22.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.60 to 21.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @21.06 from a horizontal line in the daily time frame.
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 DJIA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DJIA is up. |
| ChartMill Relative Strength | 40.09 | NEUTRAL | DJIA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DJIA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DJIA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DJIA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.15 | NEUTRAL | The RSI value for DJIA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DJIA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.21 | NEUTRAL | The Stochastics value for DJIA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for DJIA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.02 | NEUTRAL | The ADX value for DJIA 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 |
|---|---|---|---|
| 22.76 | 22.45 | 0.31 (1.37%) | 25.00% |
| An entry @22.76. This is a Buy Stop order right above the 10 day high. | An exit @22.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.31 points, which is 1.37%. | For a 0.34% 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.
22.63
+0.06 (+0.27%)
GLOBAL X DOW 30 COV CALL ETF / DJIA FAQ
What is the technical rating for DJIA stock?
ChartMill assigns a technical rating of 7 / 10 to DJIA.
What is the trend direction for DJIA stock?
The current trend direction for GLOBAL X DOW 30 COV CALL ETF (DJIA) is Bullish.
What is the RSI signal for GLOBAL X DOW 30 COV CALL ETF (DJIA) stock?
GLOBAL X DOW 30 COV CALL ETF (DJIA) has an RSI value of 69.1543. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GLOBAL X DOW 30 COV CALL ETF?
The MACD indicator for GLOBAL X DOW 30 COV CALL ETF (DJIA) has a value of -0.00320384, indicating a bearish trend.
Can you provide the short term momentum for GLOBAL X DOW 30 COV CALL ETF?
The short term momentum for GLOBAL X DOW 30 COV CALL ETF (DJIA) is positive.