Spdr Dow Jones Industrial Aver $DIA Technical Update – Stock Traders Daily

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Spdr Dow Jones Industrial Aver $DIA Technical Update

The Spdr Dow Jones Industrial Aver (NYSE: DIA) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for DIA, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 258.74 250.85 236.21
P2 260.03 258.49 250.28
P3 261.15 265.48 262.82

Long Term Trading Plans for DIA

September 4, 2018, 3:30 am ET

The Technical Summary and Trading Plans for DIA 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 DIA Report.

DIA – (Long) Support Plan

Buy over 250.28 target 262.82 stop loss @ 250.02.
The technical summary data tells us to buy DIA near 250.28 with an upside target of 262.82. This data also tells us to set a stop loss @ 250.02 to protect against excessive loss in case the stock begins to move against the trade. 250.28 is the first level of support below 259.85 , and by rule, any test of support is a buy signal. In this case, support 250.28 is being tested, a buy signal would exist.

DIA – (Short) Resistance Plan

Short under 262.82 target 250.28 stop loss @ 263.08
The technical summary data is suggesting a short of DIA as it gets near 262.82 with a downside target of 250.28. We should have a stop loss in place at 263.08 though. 262.82 is the first level of resistance above 259.85, and by rule, any test of resistance is a short signal. In this case, if resistance 262.82 is being tested, a short signal would exist.

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