DOW INC (DOW) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DOW • US2605571031
Taking everything into account, DOW scores 6 out of 10 in our technical rating. DOW has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 76% of all other stocks performed better in the past year than DOW.
- DOW is one of the lesser performing stocks in the Chemicals industry. 62% of 83 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- DOW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- DOW has an average volume of 11969600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- DOW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DOW is lagging the market.
DOW has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
20.66
2 important support areas can be observed.
- A support zone ranging from 26.93 to 27.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.25 to 28.45. 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 | NEUTRAL | NEUTRAL | The long term trend for DOW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOW is up. |
| ChartMill Relative Strength | 24.81 | NEGATIVE | DOW has a low relative strength, it was outperformed by 75.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DOW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.6 | NEUTRAL | The RSI value for DOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests DOW has a negative trend. |
| Stochastics (14,3) | 55.89 | NEUTRAL | The Stochastics value for DOW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for DOW suggests some volalility. |
| Average Directional Index/ADX (14) | 31.89 | POSITIVE | The high ADX value value for DOW suggests a strong trend. |
27.55
+0.39 (+1.44%)
DOW INC / DOW FAQ
What is the ChartMill technical rating of DOW INC (DOW) stock?
ChartMill assigns a technical rating of 6 / 10 to DOW.
What is the current trend direction of DOW INC (DOW) stock?
The current trend direction for DOW INC (DOW) is Bearish.
What is the RSI signal for DOW INC (DOW) stock?
DOW INC (DOW) has an RSI value of 59.6004. This indicates that the stock is currently neutral.
What is the short term momentum for DOW INC (DOW) stock?
The short term momentum for DOW INC (DOW) is positive.