Dow Jones 30 Industrials $DJI Trading Report

November 01, 2023, 17:30 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DJI

• Buy DJI slightly over 33051.12 target 34123.51 stop loss @ 32955.67 Details

The technical summary data tells us to buy DJI near 33051.12 with an upside target of 34123.51. This data also tells us to set a stop loss @ 32955.67 to protect against excessive loss in case the stock begins to move against the trade. 33051.12 is the first level of support below 33274.6 , and by rule, any test of support is a buy signal. In this case, support 33051.12 would be being tested, so a buy signal would exist.

• Short DJI slightly under 34123.51, target 33051.12, stop loss @ 34222.06 Details

The technical summary data is suggesting a short of DJI as it gets near 34123.51 with a downside target of 33051.12. We should have a stop loss in place at 34222.06though. 34123.51 is the first level of resistance above 33274.6, and by rule, any test of resistance is a short signal. In this case, if resistance 34123.51 is being tested, so a short signal would exist.

Swing Trading Plans for DJI

• Buy DJI slightly over 34123.51, target 35134.23, Stop Loss @ 34024.96 Details

If 34123.51 begins to break higher, the technical summary data tells us to buy DJI just slightly over 34123.51, with an upside target of 35134.23. The data also tells us to set a stop loss @ 34024.96 in case the stock turns against the trade. 34123.51 is the first level of resistance above 33274.6, and by rule, any break above resistance is a buy signal. In this case, 34123.51, 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 34123.51, target 33051.12, Stop Loss @ 34222.06. Details

The technical summary data is suggesting a short of DJI if it tests 34123.51 with a downside target of 33051.12. We should have a stop loss in place at 34222.06 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, 34123.51, 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 33291.38, target 34123.51, Stop Loss @ 33213.71 Details

If 33291.38 begins to break higher, the technical summary data tells us to buy DJI just slightly over 33291.38, with an upside target of 34123.51. The data also tells us to set a stop loss @ 33213.71 in case the stock turns against the trade. 33291.38 is the first level of resistance above 33274.6, and by rule, any break above resistance is a buy signal. In this case, 33291.38, 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 33291.38, target 33051.12, Stop Loss @ 33369.05. Details

The technical summary data is suggesting a short of DJI if it tests 33291.38 with a downside target of 33051.12. We should have a stop loss in place at 33369.05 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, 33291.38, 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 November 01:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	33051.12
P2	32898.30	32369.26	34123.51
P3	33291.38	32959.37	35134.23

AI Generated Signals for DJI

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Technically, Dow Jones 30 Industrials (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.