(DJI) Long Term Investment Analysis

June 18, 2024, 14:16 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 38150.26 target 39656.21 stop loss @ 38040.08 Details

The technical summary data tells us to buy DJI near 38150.26 with an upside target of 39656.21. This data also tells us to set a stop loss @ 38040.08 to protect against excessive loss in case the stock begins to move against the trade. 38150.26 is the first level of support below 38796.1 , and by rule, any test of support is a buy signal. In this case, support 38150.26 would be being tested, so a buy signal would exist.

• Short DJI slightly under 39656.21, target 38150.26, stop loss @ 39770.74 Details

The technical summary data is suggesting a short of DJI as it gets near 39656.21 with a downside target of 38150.26. We should have a stop loss in place at 39770.74though. 39656.21 is the first level of resistance above 38796.1, and by rule, any test of resistance is a short signal. In this case, if resistance 39656.21 is being tested, so a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 38960.66, target 39656.21, Stop Loss @ 38848.14 Details

If 38960.66 begins to break higher, the technical summary data tells us to buy DJI just slightly over 38960.66, with an upside target of 39656.21. The data also tells us to set a stop loss @ 38848.14 in case the stock turns against the trade. 38960.66 is the first level of resistance above 38796.1, and by rule, any break above resistance is a buy signal. In this case, 38960.66, 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 38960.66, target 38501.25, Stop Loss @ 39073.18. Details

The technical summary data is suggesting a short of DJI if it tests 38960.66 with a downside target of 38501.25. We should have a stop loss in place at 39073.18 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, 38960.66, 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 38960.66, target 39656.21, Stop Loss @ 38869.76 Details

If 38960.66 begins to break higher, the technical summary data tells us to buy DJI just slightly over 38960.66, with an upside target of 39656.21. The data also tells us to set a stop loss @ 38869.76 in case the stock turns against the trade. 38960.66 is the first level of resistance above 38796.1, and by rule, any break above resistance is a buy signal. In this case, 38960.66, 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 38960.66, target 38732.57, Stop Loss @ 39051.56. Details

The technical summary data is suggesting a short of DJI if it tests 38960.66 with a downside target of 38732.57. We should have a stop loss in place at 39051.56 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, 38960.66, 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 Industrial Average (DJI) available here: DJI.

DJI Ratings for June 18:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	38150.26
P2	38422.96	38501.25	39656.21
P3	38732.57	38960.66	41100.44

AI Generated Signals for DJI

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Technically, Dow Jones Industrial Average (NYSE: DJI) provides opportunities for traders who are watching the price of the stock oscillate over time.

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.