(^DJI) Long Term Investment Analysis

December 19, 2024, 14:58 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ^DJI

• Buy ^DJI near 41773.71 target 43234.42 stop loss @ 41653.07 Details

The technical summary data tells us to buy ^DJI near 41773.71 with an upside target of 43234.42. This data also tells us to set a stop loss @ 41653.07 to protect against excessive loss in case the stock begins to move against the trade. 41773.71 is the first level of support below 42516.5 , and by rule, any test of support is a buy signal. In this case, support 41773.71 would be being tested, so a buy signal would exist.

• Short ^DJI slightly under 43234.42, target 41773.71, stop loss @ 43359.28 Details

The technical summary data is suggesting a short of ^DJI as it gets near 43234.42 with a downside target of 41773.71. We should have a stop loss in place at 43359.28though. 43234.42 is the first level of resistance above 42516.5, and by rule, any test of resistance is a short signal. In this case, if resistance 43234.42 is being tested, so a short signal would exist.

Swing Trading Plans for ^DJI

• Buy ^DJI slightly over 43175.11, target 43234.42, Stop Loss @ 43050.42 Details

If 43175.11 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 43175.11, with an upside target of 43234.42. The data also tells us to set a stop loss @ 43050.42 in case the stock turns against the trade. 43175.11 is the first level of resistance above 42516.5, and by rule, any break above resistance is a buy signal. In this case, 43175.11, 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 43175.11, target 41773.71, Stop Loss @ 43299.8. Details

The technical summary data is suggesting a short of ^DJI if it tests 43175.11 with a downside target of 41773.71. We should have a stop loss in place at 43299.8 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, 43175.11, 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 43093.99, target 43175.11, Stop Loss @ 42993.45 Details

If 43093.99 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 43093.99, with an upside target of 43175.11. The data also tells us to set a stop loss @ 42993.45 in case the stock turns against the trade. 43093.99 is the first level of resistance above 42516.5, and by rule, any break above resistance is a buy signal. In this case, 43093.99, 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 43093.99, target 41773.71, Stop Loss @ 43194.53. Details

The technical summary data is suggesting a short of ^DJI if it tests 43093.99 with a downside target of 41773.71. We should have a stop loss in place at 43194.53 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, 43093.99, 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 December 19:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	41773.71
P2	43093.99	43175.11	43234.42
P3	43451.95	43600.2	44621.64

AI Generated Signals for ^DJI

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Technically, Dow Jones Industrial Average (NASDAQ: ^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.