Home / Technical Analysis / Daily Technical Analysis / Dow Jones Maintains Gains
Dow, Technical Analysis, Stocks

Dow Jones Maintains Gains

The Dow Jones Industrial Average managed to maintain the bullish path as they expected, touching the first target to be achieved during the previous analysis, located at 31,245, and approaching a few points difference from the second target 31,325, recording its highest price of 31,306.

The technical side today indicates the possibility of continuing the rise, with the index continuing to obtain a positive stimulus from the 50-day moving average, which is accompanied by stochastic concentrating around overbought areas.

We complete the objectives of the previous report, 31,350, a first target, and then 31,430 official stations that may extend their targets later towards 31,500. The bullish scenario depends on the index price remaining above the support level of 31.020.

S1: 31145R1: 31350   
S2: 31020R2: 31430   
S3: 30940   R3: 31560   

Check Also

Oil stable below resistance 18/12/2024

US crude oil futures experienced a sharp decline in the previous trading session, reaching a …