Dow Jones US30 Technical Analysis: The Dow Jones is trading in an uptrend today, but it is showing some weakness in the bullish momentum recently. The index recorded its highest price in the current session at 43828 and the lowest price at 43658.
while it is currently trading at the level of 43727. These movements indicate that there is a state of limited volatility in the market.
with the bullish trend continuing in the short term.
but with some signs indicating weakness in the bullish momentum.
Dow Jones US30 Technical Analysis: General Market Analysis
The general trend of the Dow Jones remains bullish, but there is some slowdown in the strength of the bullish momentum recently.
which indicates that the trend may face some pressure. Despite this, the index is still trading above the major support levels and reflects a state of relative stability in the bullish trend.
Technical Analysis:
- Moving Averages: The indicator is currently trading above the major moving averages.
which supports the uptrend and reflects that the positive momentum is still valid. The indicator remaining above these averages indicates that the uptrend is still valid in the short term.
- 2.MACD Indicator: On the MACD indicator, the positive trend is clearly visible, but there are some signs of weakness in the bullish momentum as the distance between the two lines has started to decrease slightly. Although the indicator is still in the positive zone.
this decline in momentum may indicate that the bullish force has started to slow down, which may open the way for a small price volatility or correction.
Trading strategies based on Buy/Sell levels
| US30 | In case of buying | in case of selling |
| Entry point | 43889 | 43452 |
| Target Point 1 (TP1) | First resistance: 44119 | First support: 43271 |
| Target Point 2 (TP2) | Second resistance: 44170 | Second support: 43240 |
| Stop Loss (SL) | 43452 | 43889 |
The overall trend of the Dow Jones remains bullish, but there are signs of weakness in the upward momentum as shown by the MACD. The index is likely to continue to fluctuate in a narrow range in the coming hours with the possibility of further correction if the momentum continues to weaken. However, if the price holds above the 43650 and 43700 levels, the uptrend could continue with the target of the 43900 and 44000 levels.
