DOW INC (DOW) Stock Technical Analysis
NYSE:DOW • US2605571031
Taking everything into account, DOW scores 8 out of 10 in our technical rating. Although DOW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month DOW has a been trading in the 25.82 - 34.77 range, which is quite wide. It is currently trading near the high of this range.
- DOW has an average volume of 12468200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, DOW did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- DOW is an average performer in the Chemicals industry, it outperforms 54% of 83 stocks in the same industry.
- 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.
Although DOW has an excellent technical rating, the quality of the presented setup is 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.
- Support @28.80 from a trend line in the daily time frame.
- Support @20.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @32.50 from a horizontal line in the weekly 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 DOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DOW is up. |
| ChartMill Relative Strength | 70.87 | POSITIVE | DOW has a high relative strength, it outperformed 70.87% 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) | UP | POSITIVE | The current price of DOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.18 | NEUTRAL | The RSI value for DOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests DOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.74 | OVERBOUGHT | The high Stochastics value suggests DOW may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for DOW suggests some volalility. |
| Average Directional Index/ADX (14) | 36.75 | POSITIVE | The high ADX value value for DOW suggests a strong trend. |
32.49
-0.16 (-0.49%)
DOW INC / DOW FAQ
What is the ChartMill technical rating of DOW INC (DOW) stock?
ChartMill assigns a technical rating of 8 / 10 to DOW.
What is the current trend direction of DOW INC (DOW) stock?
The current trend direction for DOW INC (DOW) is Bullish.
What is the RSI signal for DOW INC (DOW) stock?
DOW INC (DOW) has an RSI value of 65.183. 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.
Can you provide the buy/sell signal for DOW INC?
The buy/sell signal for DOW INC (DOW) is buy as both the short term and long term trends are positive.