DOW INC (DOW) Technical Analysis
NYSE:DOW • US2605571031
We assign a technical rating of 8 out of 10 to DOW. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DOW is only an average performer.
- The long and short term trends are both positive. This is looking good!
- DOW has an average volume of 12365100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DOW is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- DOW is part of the Chemicals industry. There are 83 other stocks in this industry, DOW did better than 64% of them.
- 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.
- In the last month DOW has a been trading in the 29.20 - 34.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, DOW also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 30.76, a Stop Loss order could be placed below this zone.
More info and screens
20.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 30.52 to 30.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.90 from a horizontal 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 | 71.34 | POSITIVE | DOW has a high relative strength, it outperformed 71.34% 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) | 61.65 | NEUTRAL | The RSI value for DOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests DOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.56 | NEUTRAL | The Stochastics value for DOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for DOW suggests some volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for DOW 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 |
|---|---|---|---|
| 32.51 | 30.51 | 2.00 (6.15%) | 16.26% |
| An entry @32.51. This is a Buy Stop order right above the resistance zone. | An exit @30.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.00 points, which is 6.15%. | When investing 16.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of DOW. Please evaluate whether better entry and exit points can be found.
- 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.
DOW Technicals: Chart, Performance Metrics, Trend & Indicators
32.34
+1.6 (+5.2%)
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 61.6504. 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.