Sometimes Stocks Move Fast, and Dow Inc $DOW is no Exception

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Mar 25, 2021 (Stock Traders Daily via COMTEX) — Whether a stock moves fast or slow, one thing is always true. The forces of supply and demand determine the price of Dow Inc (NYSE: DOW) and every other stock on the market. The price someone is willing to pay for DOW directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Bias Weak Neutral Strong
P1 0 0 59.02
P2 60.27 61.84 62.47
P3 62.23 64.92 65.89
Long Term Trading Plans for DOW

March 25, 2021, 2:15 pm ET

The Technical Summary and Trading Plans for DOW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DOW Report.

DOW – (Long) Support Plan

The technical summary data tells us to buy DOW near 62.47 with an upside target of 65.89. This data also tells us to set a stop loss @ 62.29 to protect against excessive loss in case the stock begins to move against the trade. 62.47 is the first level of support below 62.77 , and by rule, any test of support is a buy signal. In this case, support 62.47 is being tested, a buy signal would exist.

DOW – (Short) Resistance Plan

The technical summary data is suggesting a short of DOW as it gets near 65.89 with a downside target of 62.47. We should have a stop loss in place at 66.08though. 65.89 is the first level of resistance above 62.77, and by rule, any test of resistance is a short signal. In this case, if resistance 65.89 is being tested, a short signal would exist.


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The MarketWatch News Department was not involved in the creation of this content.