Dow Jones US30 Technical Analysis: The Dow Jones is trading in a bearish trend today, as it recorded the highest trading price for the day so far at 42636 points, while the lowest price was recorded at 42174 points. At the moment, the index is trading at 42273 points. These negative movements reflect continued selling pressure, indicating weakness in the current upward trend.
Dow Jones US30 Technical Analysis: Technical Analysis
- Moving Averages:
The charts show that prices are trading below the moving average indicators in the short and medium term, which reinforces the downward trend. When the price is trading below the moving averages, this is a negative sign indicating that the selling force is dominant, which increases the chances of the downward trend continuing in the short term.
- MACD Indicator:
The MACD indicator also indicates a negative trend, as it shows a bearish crossover between the MACD line and the signal line in the negative zone. This signal reflects that the selling momentum may continue, further confirming the bearish trend in the market.
Trading Outlook:
Under the negative technical analysis, the Dow Jones is expected to continue its downtrend in the short term. If trading continues below the moving averages, we may see further decline towards the next support levels, such as 42174 points. In case of any bullish bounce, the market will need to break the moving averages to continue the upward trend.
Trading strategies based on Buy/Sell levels
| US30 | In case of buying | in case of selling |
| Entry point | 42490 | 42186 |
| Target Point 1 (TP1) | First resistance: 42585 | First support: 42060 |
| Target Point 2 (TP2) | Second resistance: 42650 | Second support: 41940 |
| Stop Loss (SL) | 42186 | 42490 |
Given the selling pressure seen through trading below the moving averages and negative signals from the MACD, the Dow Jones appears to be on a downtrend in the short term. Traders are advised to watch key levels such as 42174 for selling opportunities, while paying attention to any new developments in technical indicators to identify downside trading opportunities.
