Dow Jones 30 Industrials DJI Investment Analysis

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Source: Stock Traders Daily

Longer Term Trading Plans for DJI
  • Buy DJI over 32375.49 target 34023.29 stop loss @ 32281.99 Details
  • The technical summary data tells us to buy DJI near 32375.49 with an upside target of 34023.29. This data also tells us to set a stop loss @ 32281.99 to protect against excessive loss in case the stock begins to move against the trade. 32375.49 is the first level of support below 33248.3 , and by rule, any test of support is a buy signal. In this case, support 32375.49 would be being tested, so a buy signal would exist.

  • Short DJI under 34023.29, target 32375.49, stop loss @ 34121.55 Details
  • The technical summary data is suggesting a short of DJI as it gets near 34023.29 with a downside target of 32375.49. We should have a stop loss in place at 34121.55though. 34023.29 is the first level of resistance above 33248.3, and by rule, any test of resistance is a short signal. In this case, if resistance 34023.29 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI over 33568.81, target 34023.29, Stop Loss @ 33471.86 Details
  • If 33568.81 begins to break higher, the technical summary data tells us to buy DJI just over 33568.81, with an upside target of 34023.29. The data also tells us to set a stop loss @ 33471.86 in case the stock turns against the trade. 33568.81 is the first level of resistance above 33248.3, and by rule, any break above resistance is a buy signal. In this case, 33568.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DJI near 33568.81, target 32442.56, Stop Loss @ 33665.76. Details
  • The technical summary data is suggesting a short of DJI if it tests 33568.81 with a downside target of 32442.56. We should have a stop loss in place at 33665.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33568.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DJI
  • Buy DJI over 33568.81, target 34023.29, Stop Loss @ 33490.49 Details
  • If 33568.81 begins to break higher, the technical summary data tells us to buy DJI just over 33568.81, with an upside target of 34023.29. The data also tells us to set a stop loss @ 33490.49 in case the stock turns against the trade. 33568.81 is the first level of resistance above 33248.3, and by rule, any break above resistance is a buy signal. In this case, 33568.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DJI near 33568.81, target 33205.42, Stop Loss @ 33647.13. Details
  • The technical summary data is suggesting a short of DJI if it tests 33568.81 with a downside target of 33205.42. We should have a stop loss in place at 33647.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33568.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DJI Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Strong Neutral Neutral
P1 0 0 32375.49
P2 32800.45 32442.56 34023.29
P3 33205.42 33568.81 35541.45

With an objective approach to Dow Jones 30 Industrials (NYSE: DJI), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DJI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DJI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DJI too.  All of these are offered below the Summary Table.

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Fundamental Charts forDJI