DOW JONES INDUSTRIAL AVERAGE
DOW JONES INDUSTRIAL AVERAGE
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Type: Indices
Ticker: DJIA
ISIN: ABC003500395

DOW JONES INDUSTRIAL AVERAGE - Is Challenging the Ascending Trend Line - Neut - 08/22/2017 (GMT)

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The Dow Jones Industrial Average index experienced its largest one-day drop in three months and plunged more than 1% last Thursday. The index is snapping the four consecutive monthly winning sessions and is posting a bearish session. Moreover, the price met the 50-day SMA and is ready to challenge the ascending trend line, which is standing since November 2016.

Technically, if the price declines below the uptrend line, it will meet the 21465 support level, while is slightly above the 100-day SMA. On the other hand, the index may create a rebound on the diagonal line and continue its upward tendency. On the short-term timeframe, the RSI indicator is pointing up with weak momentum and the MACD oscillator is falling near its mid-level.
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