Dow Jones Industrial Average (.DJI) notches meager gains
Stock indexes finished mixed on Monday, with declines in the financials and communication-discretionary sector preventing the S&P 500 and Nasdaq from scoring fresh record closes.
The Dow Jones Industrial Average DJIA, +0.11% closed 28.90 points, or 0.1%, higher at 27,221, the S&P 500 index SPX, -0.16% finished 4.89 points, or 0.2%, lower at 3,021, while the Nasdaq Composite Index COMP, -0.44% ended the session 0.4% lower at 8,293. Investors were focused on coming earnings, with shares of Beyond Meat Inc. BYND, -5.44% in focus after the meat-alternative company released its second quarterly report as a publicly traded company. Investors are mostly focused on the start of a two-day policy meeting of the Federal Reserve set to kick off on Tuesday.
Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 26,573.70.
The projected upper bound is: 27,726.51.
The projected lower bound is: 26,770.53.
The projected closing price is: 27,248.52.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 39.9719. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 62.00. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 19. This is not a topping or bottoming area. The last signal was a sell 8 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 5 period(s) ago.
Rex Takasugi – TD Profile
DJ INDU AVERG closed up 28.900 at 27,221.350. Volume was 5% below average (neutral) and Bollinger Bands were 34% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 27,227.85 26,394.70 25,527.11
Volatility: 6 12 20
Volume: 239,945,328 257,739,504 317,096,096
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
DJ INDU AVERG is currently 6.6% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .DJI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .DJI and have had this outlook for the last 32 periods.
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