(^DJI) Long Term Investment Analysis

January 09, 2025, 17:00 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ^DJI

• Buy ^DJI near 42034.23 target 43467.73 stop loss @ 41912.84 Details

The technical summary data tells us to buy ^DJI near 42034.23 with an upside target of 43467.73. This data also tells us to set a stop loss @ 41912.84 to protect against excessive loss in case the stock begins to move against the trade. 42034.23 is the first level of support below 42635.2 , and by rule, any test of support is a buy signal. In this case, support 42034.23 would be being tested, so a buy signal would exist.

• Short ^DJI slightly under 43467.73, target 42034.23, stop loss @ 43593.26 Details

The technical summary data is suggesting a short of ^DJI as it gets near 43467.73 with a downside target of 42034.23. We should have a stop loss in place at 43593.26though. 43467.73 is the first level of resistance above 42635.2, and by rule, any test of resistance is a short signal. In this case, if resistance 43467.73 is being tested, so a short signal would exist.

Swing Trading Plans for ^DJI

• Buy ^DJI slightly over 42867.48, target 43467.73, Stop Loss @ 42743.68 Details

If 42867.48 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 42867.48, with an upside target of 43467.73. The data also tells us to set a stop loss @ 42743.68 in case the stock turns against the trade. 42867.48 is the first level of resistance above 42635.2, and by rule, any break above resistance is a buy signal. In this case, 42867.48, 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 42867.48, target 42256.37, Stop Loss @ 42991.28. Details

The technical summary data is suggesting a short of ^DJI if it tests 42867.48 with a downside target of 42256.37. We should have a stop loss in place at 42991.28 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, 42867.48, 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 42842.28, target 42867.48, Stop Loss @ 42742.33 Details

If 42842.28 begins to break higher, the technical summary data tells us to buy ^DJI just slightly over 42842.28, with an upside target of 42867.48. The data also tells us to set a stop loss @ 42742.33 in case the stock turns against the trade. 42842.28 is the first level of resistance above 42635.2, and by rule, any break above resistance is a buy signal. In this case, 42842.28, 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 42842.28, target 42414.02, Stop Loss @ 42942.23. Details

The technical summary data is suggesting a short of ^DJI if it tests 42842.28 with a downside target of 42414.02. We should have a stop loss in place at 42942.23 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, 42842.28, 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 09:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	42034.23
P2	42414.02	42256.37	43467.73
P3	42842.28	42867.48	44854.38

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.

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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.