Dow Jones 30 Industrials $DJI Investment Analysis

September 24, 2023, 13:30 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 33619.66 target 34917.56 stop loss @ 33522.57 Details

The technical summary data tells us to buy DJI near 33619.66 with an upside target of 34917.56. This data also tells us to set a stop loss @ 33522.57 to protect against excessive loss in case the stock begins to move against the trade. 33619.66 is the first level of support below 33963.8 , and by rule, any test of support is a buy signal. In this case, support 33619.66 would be being tested, so a buy signal would exist.

• Short DJI slightly under 34917.56, target 33619.66, stop loss @ 35018.4 Details

The technical summary data is suggesting a short of DJI as it gets near 34917.56 with a downside target of 33619.66. We should have a stop loss in place at 35018.4though. 34917.56 is the first level of resistance above 33963.8, and by rule, any test of resistance is a short signal. In this case, if resistance 34917.56 is being tested, so a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 34145.07, target 34594.25, Stop Loss @ 34046.46 Details

If 34145.07 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34145.07, with an upside target of 34594.25. The data also tells us to set a stop loss @ 34046.46 in case the stock turns against the trade. 34145.07 is the first level of resistance above 33963.8, and by rule, any break above resistance is a buy signal. In this case, 34145.07, 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 34145.07, target 33619.66, Stop Loss @ 34243.68. Details

The technical summary data is suggesting a short of DJI if it tests 34145.07 with a downside target of 33619.66. We should have a stop loss in place at 34243.68 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, 34145.07, 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 34145.07, target 34252.41, Stop Loss @ 34065.41 Details

If 34145.07 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34145.07, with an upside target of 34252.41. The data also tells us to set a stop loss @ 34065.41 in case the stock turns against the trade. 34145.07 is the first level of resistance above 33963.8, and by rule, any break above resistance is a buy signal. In this case, 34145.07, 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 34145.07, target 33932.64, Stop Loss @ 34224.73. Details

The technical summary data is suggesting a short of DJI if it tests 34145.07 with a downside target of 33932.64. We should have a stop loss in place at 34224.73 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, 34145.07, 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 24:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	33619.66
P2	33932.64	34145.07	34917.56
P3	34252.41	34594.25	36131.34

AI Generated Signals for DJI

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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.

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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.