Dow Jones 30 Industrials $DJI Trading Report

March 15, 2023, 04:15 am ET, BY Simon M. - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI
  • Buy DJI slightly over 30707.82 target 32754.26 stop loss @ 30619.14 Details

    • The technical summary data tells us to buy DJI near 30707.82 with an upside target of 32754.26. This data also tells us to set a stop loss @ 30619.14 to protect against excessive loss in case the stock begins to move against the trade. 30707.82 is the first level of support below 32155.4 , and by rule, any test of support is a buy signal. In this case, support 30707.82 would be being tested, so a buy signal would exist.

  • Short DJI slightly under 32754.26, target 30707.82, stop loss @ 32848.85 Details

    • The technical summary data is suggesting a short of DJI as it gets near 32754.26 with a downside target of 30707.82. We should have a stop loss in place at 32848.85though. 32754.26 is the first level of resistance above 32155.4, and by rule, any test of resistance is a short signal. In this case, if resistance 32754.26 is being tested, so a short signal would exist.

Swing Trading Plans for DJI
  • Buy DJI slightly over 32676.61, target 32754.26, Stop Loss @ 32582.24 Details

    • If 32676.61 begins to break higher, the technical summary data tells us to buy DJI just slightly over 32676.61, with an upside target of 32754.26. The data also tells us to set a stop loss @ 32582.24 in case the stock turns against the trade. 32676.61 is the first level of resistance above 32155.4, and by rule, any break above resistance is a buy signal. In this case, 32676.61, 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 32676.61, target 31815.96, Stop Loss @ 32770.98. Details

    • The technical summary data is suggesting a short of DJI if it tests 32676.61 with a downside target of 31815.96. We should have a stop loss in place at 32770.98 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, 32676.61, 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 32676.61, target 32754.26, Stop Loss @ 32600.38 Details

    • If 32676.61 begins to break higher, the technical summary data tells us to buy DJI just slightly over 32676.61, with an upside target of 32754.26. The data also tells us to set a stop loss @ 32600.38 in case the stock turns against the trade. 32676.61 is the first level of resistance above 32155.4, and by rule, any break above resistance is a buy signal. In this case, 32676.61, 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 32676.61, target 31999.59, Stop Loss @ 32752.84. Details

    • The technical summary data is suggesting a short of DJI if it tests 32676.61 with a downside target of 31999.59. We should have a stop loss in place at 32752.84 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, 32676.61, 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 March 15:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 30707.82
P2 31574.58 31815.96 32754.26
P3 31999.59 32676.61 34617.43
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AI Generated Signals for DJI

DJI Long Term Analysis for March 15 2023

Blue = Current Price
Red = Resistance
Green = Support

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