According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in Spdr Dow Jones Industrial Aver (NYSE: DIA) to foretell upcoming changes. A current example is provided below. There are trading plans for DIA, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Neutral | Neutral | Strong |
P1 | 0 | 0 | 325.81 |
P2 | 343.91 | 343.60 | 334.47 |
P3 | 350.00 | 349.12 | 342.62 |
Longer Term Trading Plans for DIA
May 12, 2021, 5:45 am ET
Our Longer Term Plans for DIA help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this DIA Report.
DIA - (Long) Support Plan
The technical summary data tells us to buy DIA near 342.62, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 341.63 to protect against excessive loss in case the stock begins to move against the trade. 342.62 is the first level of support below 342.91, and by rule, any test of support is a buy signal. In this case, if support 342.62 is being tested, a buy signal would exist.
DIA - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.