Dow Jones US30 Technical Analysis: The Dow Jones is trading in a downtrend today, recording a high so far at 43413 and a low of 43070, and is currently trading at 43128. The data shows that prices are trading below the moving averages, which reinforces expectations of a continuation of the downtrend in the short term.
Dow Jones US30 Technical Analysis: Analysis of Technical Indicators
Moving Averages:
The index is currently trading below the moving averages in the short term, reflecting the weakness of the upward momentum and confirming the downtrend. This signal indicates that the selling pressure is continuing and that the general trend is currently dominated by the downtrend.
- MACD Indicator:
After a period of decline in the negative direction, the MACD indicator shows the beginning of a return of strength to the uptrend, as the indicator lines have begun to move away from the negative zone. This reflects that the negative momentum has begun to decline.
which may indicate the possibility of a correction or a gradual shift towards the uptrend in the short term.
Outlook:
The Dow Jones is expected to remain in a bearish trading range for now, especially if the selling pressure continues below 43400. If the index manages to break the 43000 support level, it may continue its decline towards the next support levels at 42800 and 42500. However, the MACD movements should be closely monitored.
as the return of positive momentum could indicate a potential trend reversal if it manages to hold above certain levels.
Trading strategies based on Buy/Sell levels
| US30 | In case of buying | in case of selling |
| Entry point | 43255 | 43009 |
| Target Point 1 (TP1) | First resistance: 43358 | First support: 42885 |
| Target Point 2 (TP2) | Second resistance: 43290 | Second support: 42800 |
| Stop Loss (SL) | 43009 | 43255 |
Current technical analysis suggests that the Dow Jones is in a bearish trend, with prices continuing to trade below the moving averages. However, the beginning of a turn in the MACD indicator may indicate a possible upward correction or a gradual shift towards the positive trend. It is recommended to carefully monitor support and resistance levels, especially the 43,000 level.
as an important guide to determine the next trend.
