DOW INC (DOW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DOW - US2605571031 - Common Stock
We assign a technical rating of 3 out of 10 to DOW. Recently some decent action could be observed, but in the medium term time frame this is still negative. DOW was also a bad performer in the overall market in the last year.
Although the technical rating is bad, DOW does present a nice setup opportunity. 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 23.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DOW in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.44
We found 2 important support areas.
- A support zone ranging from 23.50 to 23.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.65 to 20.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @23.98 from a horizontal line in the weekly time frame.
- Resistance @25.11 from a horizontal line in the daily time frame.
- Resistance @25.73 from a horizontal line in the daily time frame.
- Resistance @30.65 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 | DOWN | NEGATIVE | The long term trend for DOW is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOW is up. |
| ChartMill Relative Strength | 13.19 | NEGATIVE | DOW has a low relative strength, it was outperformed by 86.81% 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 | NEGATIVE | The current price of DOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.17 | NEUTRAL | The RSI value for DOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.3 | OVERBOUGHT | The high Stochastics value suggests DOW may be overbought. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for DOW suggests some volalility. |
| Average Directional Index/ADX (14) | 15.91 | NEGATIVE | The low ADX value for DOW suggests a weak or negative trend. |
23.97
-0.61 (-2.48%)
DOW INC / DOW FAQ
What is the ChartMill technical rating of DOW INC (DOW) stock?
ChartMill assigns a technical rating of 3 / 10 to DOW.
Can you provide the trend direction for DOW INC?
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 56.1712. This indicates that the stock is currently neutral.
What is the short term momentum for DOW stock?
The short term momentum for DOW INC (DOW) is positive.
Can you provide the support and resistance levels for DOW INC?
DOW INC (DOW) has a support level at 23.64 and a resistance level at 23.98. Check the full technical report for our detailed analysis of DOW support and resistance levels.