Where are the Opportunities in (^DJI)

January 30, 2025, 20:18 pm ET, BY Allen K. - Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ^DJI
  • Buy ^DJI near 43846.47 target 45247.29 stop loss @ 43719.84 Details

    • The technical summary data tells us to buy ^DJI near 43846.47 with an upside target of 45247.29. This data also tells us to set a stop loss @ 43719.84 to protect against excessive loss in case the stock begins to move against the trade. 43846.47 is the first level of support below 44882.1 , and by rule, any test of support is a buy signal. In this case, support 43846.47 is being tested, a buy signal would exist.

  • Short ^DJI slightly under 45247.29, target 43846.47, stop loss @ 45377.96 Details

    • The technical summary data is suggesting a short of ^DJI as it gets near 45247.29 with a downside target of 43846.47. We should have a stop loss in place at 45377.96though. 45247.29 is the first level of resistance above 44882.1, and by rule, any test of resistance is a short signal. In this case, if resistance 45247.29 is being tested, a short signal would exist.

Swing Trading Plans for ^DJI
  • Buy ^DJI slightly over 44940.56, target 45247.29, Stop Loss @ 44810.77 Details

    • If 44940.56 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 44940.56, with an upside target of 45247.29. The data also tells us to set a stop loss @ 44810.77 in case the stock turns against the trade. 44940.56 is the first level of resistance above 44882.1, and by rule, any break above resistance is a buy signal. In this case, 44940.56, 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 44940.56, target 43846.47, Stop Loss @ 45070.35. Details

    • The technical summary data is suggesting a short of ^DJI if it tests 44940.56 with a downside target of 43846.47. We should have a stop loss in place at 45070.35 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, 44940.56, 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 44940.56, target 45105.66, Stop Loss @ 44835.71 Details

    • If 44940.56 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 44940.56, with an upside target of 45105.66. The data also tells us to set a stop loss @ 44835.71 in case the stock turns against the trade. 44940.56 is the first level of resistance above 44882.1, and by rule, any break above resistance is a buy signal. In this case, 44940.56, 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 44940.56, target 44824.89, Stop Loss @ 45045.41. Details

    • The technical summary data is suggesting a short of ^DJI if it tests 44940.56 with a downside target of 44824.89. We should have a stop loss in place at 45045.41 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, 44940.56, 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 January 30:

Term →Near Mid Long
Rating Neutral Strong Strong
P1 0 0 42379.34
P2 44824.89 44940.56 43846.47
P3 45105.66 45508.83 45247.29
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AI Generated Signals for ^DJI

^DJI Long Term Analysis for January 30 2025

Blue = Current Price
Red = Resistance
Green = Support

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