Trend Tracker for Dow Jones 30 Industrials $DJI

September 14, 2023, 23:30 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 33646.50 target 34954.85 stop loss @ 33549.33 Details

The technical summary data tells us to buy DJI near 33646.50 with an upside target of 34954.85. This data also tells us to set a stop loss @ 33549.33 to protect against excessive loss in case the stock begins to move against the trade. 33646.50 is the first level of support below 34907.1 , and by rule, any test of support is a buy signal. In this case, support 33646.50 would be being tested, so a buy signal would exist.

• Short DJI slightly under 34954.85, target 33646.50, stop loss @ 35055.8 Details

The technical summary data is suggesting a short of DJI as it gets near 34954.85 with a downside target of 33646.50. We should have a stop loss in place at 35055.8though. 34954.85 is the first level of resistance above 34907.1, and by rule, any test of resistance is a short signal. In this case, if resistance 34954.85 is being tested, so a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 34954.85, target 36170.51, Stop Loss @ 34853.9 Details

If 34954.85 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34954.85, with an upside target of 36170.51. The data also tells us to set a stop loss @ 34853.9 in case the stock turns against the trade. 34954.85 is the first level of resistance above 34907.1, and by rule, any break above resistance is a buy signal. In this case, 34954.85, 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 slightly near 34954.85, target 34804.99, Stop Loss @ 35055.8. Details

The technical summary data is suggesting a short of DJI if it tests 34954.85 with a downside target of 34804.99. We should have a stop loss in place at 35055.8 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, 34954.85, 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 slightly over 34912.92, target 34954.85, Stop Loss @ 34831.47 Details

If 34912.92 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34912.92, with an upside target of 34954.85. The data also tells us to set a stop loss @ 34831.47 in case the stock turns against the trade. 34912.92 is the first level of resistance above 34907.1, and by rule, any break above resistance is a buy signal. In this case, 34912.92, 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 slightly near 34912.92, target 34804.99, Stop Loss @ 34994.37. Details

The technical summary data is suggesting a short of DJI if it tests 34912.92 with a downside target of 34804.99. We should have a stop loss in place at 34994.37 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, 34912.92, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Dow Jones 30 Industrials (DJI) available here: DJI.

DJI Ratings for September 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	33646.50
P2	34743.56	34450.66	34954.85
P3	34912.92	34804.99	36170.51

AI Generated Signals for DJI

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The data for Dow Jones 30 Industrials (NYSE: DJI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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.