Dow Jones US30 Technical Analysis: The Dow Jones Index continues to trade in a downtrend today, recording its highest level so far at 44572.0, while recording its lowest level at 44460.7, and is currently trading at 44468.7.
Dow Jones US30 Technical Analysis: Technical Analysis
Technically, the index is trading below the major moving averages, which reinforces the downtrend hypothesis at the moment. The MACD indicator also indicates a negative trend, reflecting the weakness of positive momentum and supporting the idea of continuing downward pressure on the index in the coming period.
Trading Expectations:
In light of these technical data, the index is expected to continue moving within the downtrend in the short term, with the possibility of testing lower support levels if the negative trend continues to dominate the market movement. MACD developments should be monitored to determine whether the negative momentum will increase or if there are signs of an improvement in momentum.
Trading strategies based on Buy/Sell levels
| US30 | In case of buying | in case of selling |
| Entry point | 44550.4 | 44424.8 |
| Target Point 1 (TP1) | First resistance: 44597.1 | First support: 44360.2 |
| Target Point 2 (TP2) | Second resistance: 44650.5 | Second support: 44300.5 |
| Stop Loss (SL) | 44424.8 | 44550.4 |
The Dow Jones remains in a downtrend with support from prices trading below the moving averages and negative signals from the MACD. It is important to follow the market movement and closely monitor technical indicators to ensure accurate trading decisions according to the current conditions.
