. DOW JONES - Price Forecast News AND Technical Analysis

DOW JONES – Price Forecast News AND Technical Analysis

17 Nov 2022

U.S. shares lower at the close of trade; Dow Jones Industrial Average down 0.12%

U.S. equities were lower at the close on Wednesday, as losses in the Oil & Gas, Technology and Basic Materials sectors propelled shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.12%, while the S&P 500 index fell 0.83%, and the NASDAQ Composite index declined 1.54%.

The biggest gainers of the session on the Dow Jones Industrial Average were McDonald’s Corporation (NYSE: MCD), which rose 1.74% or 4.67 points to trade at 272.51 at the close. UnitedHealth Group Incorporated (NYSE: UNH) added 1.69% or 8.51 points to end at 511.52 and Home Depot Inc (NYSE: HD) Was up 0.96% or 2.98 points to 314.91 in late trade.

DOW JONES INDEX TECHNICAL ANALYSIS:

DAILY CHART:

In daily chart DOW JONES is moving in upside channel.

It is currently trading above all MA.

RSI is in buying zone stochastic is suggesting no trend.

Its immediate resistance is at 33728 and immediate support level is at 33497

HOW TO TRADE DOW JONES INDEX IN THIS WEEK

DOW JONES is moving in an up channel if it breaks it immediate resistance and sustains on it then market will continue to trade up, remain bullish on it.

TRADE SUGGESTION-BUY AT 33728, TAKE PROFIT AT 33933, SL AT 33509