Dow Jones forecast for today by Traders Union analysts
Dow Jones Industrial Average (DIJA) is a stock market index. It is one of few indexes that are price weighted. Dow Jones is the average of stock prices of 30 companies listed on NYSE.
It is important to consider that the composition of the Dow Jones index is not permanent. The index is revised periodically depending on the situation in the stock market (last change was in 2020). The index is formed by such global companies as Apple, Coca-Cola, Walmart and others. DJIA is a good indicator of the U.S. economy.
The Dow Jones forecast is quite difficult to produce, which is why it is best to entrust it to professionals to minimize errors and deviations from the real picture. Traders Union analysts regularly publish the Dow Jones forecast to help traders adjust their trading strategies correctly and earn money in the Forex market. Swing trading, scalping, intraday trading and other strategies can be used for working with this index. Beginners are recommended not only to view the Dow Jones forecast, but also practice on a demo account to avoid loss due to inexperience and lack of practice.
The best time to work with the instrument is when the U.S. trading session has already opened and the European session is still under way. This is the most heavily traded time for the Dow Jones Index. Once the activity in the U.S. markets subsides, the number of transactions gradually decreases up to the opening of the Asian markets.
DJ30 is recovering losses
22.04.2024
Throughout the past week, investors continued liquidation of long positions on stock exchanges, resulting in the Dow Jones 30 index declining to 37,600 support level. Israel's retaliatory strike on Iran provoked anti-risk sentiment, which broke this support and the bears tested 37,230. However, this decline managed to attract fresh buying interest, and bulls, breaking 38,035 resistance, tested the level of 38,200. Nevertheless, DJ30 is under pressure again, which may lead to a decline toward 37,800-37,600, but this support zone may become attractive for buying. Breaking the current resistance will lead to a growth toward 38,350-38,550.
DJ30 continued falling
15.04.2024
Last week, investors were not inclined to take risks, which was facilitated by the comments of the US Federal Reserve, against the backdrop of the expectation of interest rate reduction by the Federal Reserve in June, which was significantly lowered. In addition, the scale of the upward rally implied a rather significant correction, which was observed last week. As a result of the continued decline, the US Dow Jones 30 index collapsed to support near the 38150 level, from which it is recovering, reaching resistance at 38550. Breaking through the 38900 and 38600 supports would suggest selling on upside attempts. Still, bears should be extremely cautious as this fall should be viewed purely as a correction within an uptrend, and breaking through strong levels does not mean that the index will not be able to return above these levels.
DJ30 declines amid long liquidation
08.04.2024
At the beginning of the last trading week, the American index Dow Jones 30, trying to continue growth, tested resistance near the level of 40028, where the bulls began to fix profits on long positions, against which the index collapsed to support 38600. The breakdown of the support at 39120-39060 can weaken the bulls' positions and may signal the development of a larger correction, which may be confirmed by the breakdown of the support at 38600. For now, the bulls cannot break the resistance 39080, below which the risks of at least testing this support will remain high; the break of the resistance will lead to growth in the direction of 39160-39280. In the short term, DJ30 may trade in the 38600-39080 range.
DJ30 declines after updating the maximum
01.04.2024
The rally in global stock markets continues. The US Dow Jones 30 index was bought back again, this time on a pullback to support near 39340, and amid renewed buying, the bulls reached the 40055 level. However, they failed to consolidate above the previously broken previous high at 39950, which triggered profit-taking and a decline to 39620 for now. The rise to fresh highs could occur in a thin market, so the current decline can hardly be called illogical. Bears may test support near 39500, above which the chances of a return to the highs will remain high; its loss will lead to a decline toward 39340. The loss of this level may signal the formation of a top and the development of a larger correction.
DJ30 declines after rising to a fresh high
25.03.2024
After a relatively brief consolidation in a wide range, the US Dow Jones 30 index broke through the resistance of 39280 and soared to 39945, helped by comments from US Federal Reserve Chairman Jerome Powell, according to which the central bank forecasts three interest rate cuts this year. Nevertheless, on the upside, the bulls were taking profits on long positions, which led to the decline of the index to 39400 at the moment. The 39280 level may be tested next, which now acts as support, and breaking it would take the index down towards 39100-39000. Although there is no talk of a trend reversal yet, the probability of a large-scale correction after reaching fresh highs has increased significantly.
DJ30 is unable to break through resistance
18.03.2024
Against the backdrop of the AI boom, stock markets last week predominantly demonstrated positive dynamics, against which the US Dow Jones 30 index tested resistance near the level of 39280. However, the bulls again failed to break through it, and the index returned to the support of 38650. On the downside, demand remains, and with it, the chances of testing 39120-39280. However, the Fed's intention to keep interest rates at current levels longer than market participants expect may be the reason for a larger correction. Loss of the above support will lead to a decline towards 38520/00.
DJ30 retreats from historic highs
11.03.2024
After rallying to fresh highs, the Dow Jones 30 index failed to overcome resistance at 39100 during the past week. Amid profit-taking on long positions, its price retreated to support at 38550. The nearest resistance is now at 38950. The failure to break through increases the risks of breaking the support and declines towards 38300-38200; passing 38700 will allow to test 38800-38900.
DJ30 consolidates near all-time highs
04.03.2024
According to the published reports, the vast majority of companies reported earnings that exceeded forecasts, which became an incentive for the S&P 500 to update the historic highs, and the decline in the Dow Jones 30 index was limited by the support around 38750 after testing which it rose to the resistance 39100. Thus, the prospects of DJ30 remain constructive, but the reporting period is over; all the positivity can already be reflected in the current prices, so investors can fix profits on long positions, which will entail a corrective decline, where the nearest target of the bears may be the support mentioned above, and in case of its breakdown - support 38450-38400. Breaking through the current resistance will lead to growth towards 39300.
DJ30 updates highs again
26.02.2024
Another trading week ended with new highs for indices, particularly for the US Dow Jones 30. The last stimulus for buying was NVIDIA's report, which exceeded all analysts' forecasts and showed record profits. Against this background, the index, pushing off from the support at 38350, soared to the level of 39277. At the end of trading, its price rolled back to the support of 39050, where the demand remains, and with it, the chances of testing Friday's maximum. The boom associated with AI may continue to encourage buying on pullbacks, but as indices move higher, the risks of a large-scale correction grow. The loss of the current support will lead to a decline in DJ30 towards 38800-38600.
DJ30 hits new highs
19.02.2024
On the back of strong corporate reporting and enthusiasm around AI, the US Dow Jones 30 Index made another high last week at 38922, where bulls took profits on long positions, and the index declined to support near 38040. Despite the rise in CPI and PPI in the US, which cools expectations of the US Federal Reserve lowering the interest rate at the March meeting, the bullish sentiment on the stock markets remains, thanks to which the DJ30 was able to return to the resistance at 38800. Still, the weekly close was at the support at 38550. There is no talk of a trend reversal at the moment; the bulls may attack 38800-38900 again; loss of the current support will lead to a decline towards 38450-38350. Above 38000, the index prospects will remain constructive.
DJ30 - risks of correction are growing
12.02.2024
Stock markets last week maintained positive dynamics. The pullback of the U.S. index Dow Jones 30 to support near 38195 was used for purchases, against which the bulls tested resistance near 38770, but all attempts to break it failed, and after testing the mark, the 38890 index returned to support 38560. Corporate reports supported the bullish mood on the stock markets. Still, failure to break through the resistance may lead to the loss of support and the development of a larger correction, where the nearest target of the bears will be the support around 38280-38200. Passage of resistance will allow the bulls to test last week's high again.
DJ30 declines after a long rise
05.02.2024
After a minor correction from resistance at 38560 to support at 38080, the US Dow Jones 30 Index resumed its upward momentum, broke the above resistance, and tested 38768. The bullish sentiment was supported by strong corporate reporting, but from the current peak, investors started taking profits, which led to a decline to 38237 at the moment. The growth of stock indices looks somewhat hypertrophied, which increases the risks of developing a downward correction in the near term. Loss of the current support will lead to a decline to 38080 support; its breakdown will open the way towards 37800. Attempts of growth in the direction of 38560 can be used for selling, and the breakdown of this resistance will allow to test 38680-38760.
DJ30 updates highs
29.01.2024
After reaching another high at 38105, the American index Dow Jones 30 retreated to the support 37800-37760 on the background of profit taking on long positions and consolidated between the maximum and this support all last week. Toward the end of the week, the bulls managed to break through the resistance and test the level of 38215, after which the index rolled back to the support of 38020. The pullbacks continue to attract buying interest, which is supported by expectations of interest rate cuts by the Fed and corporate reports, but the bulls' inability to break the current high may provoke a larger liquidation of longs and the development of a downward correction, where the nearest target of the bears may be the support near 37800 level; breaking the resistance will provide growth in the direction of 38400-38500.
DJ30 updated highs
22.01.2024
Last week, stock indices were under the pressure of sellers, on the background of which the American Dow Jones 30 declined to support near the level of 37140. All attempts of bears to sell it below failed, and at the end of the trading week, bulls again attacked the resistance 37800, broke through it, and tested the level 37960. At the moment, they are trying to consolidate above the broken level, which will allow them to test the psychological level of 38000 at least; the loss of 37800 as support will lead to a decline towards 37600-37500 and may signal that the index has reached a top.
DJ30 continues consolidation
15.01.2024
The bulls continue to rule on the stock markets, but they cannot continue the pre-New Year's rally. Thus, the U.S. index, Dow Jones 30, spent the past week trying to break through resistance near 37800, but all attempts were unsuccessful. The support at 37500-37400 limits downside pullbacks and the risks of breaking through, which are growing after each unsuccessful attempt to break through the resistance. Loss of support will lead to a decline towards 37250-37000, and loss of the last level will signal the development of a larger correction. Passage of the nearest resistance near 37600 will lead to a rise to 37700.
DJ30 declines after hitting new highs
08.01.2024
The Christmas rally, fueled by expectations of three interest rate cuts by the US Federal Reserve this year, drove the Dow Jones 30 Index to 37810, which resulted in an all-time high. After the New Year, as one would expect, there is a correction in the market caused by the overbought index and its excessive growth on the above-mentioned expectations. The strong US jobs report confirmed that the economy is in very good shape, and the Fed may continue to hold rates at current levels for a longer period, so the DJ30 correction may continue, where the nearest target for the bears may be the support around the 37000 level, and if it is broken - 36570. Growth attempts to the highs should not be ruled out but can be used for selling.
DJ30 ended the week with growth
26.12.2023
After the "soft" comments of US Federal Reserve Chairman Jerome Powell, stock indices got a fresh impetus for growth, as a result of which the US industrial Dow Jones 30 broke through resistance near 37400 and rose to the level of 37638. Liquidation of long positions from this level triggered a fall to support at 3703, where the index was repurchased again. At the moment, its growth is limited by resistance 37530, failure to break through, which, along with overbought on the daily chart, may be a reason for another liquidation of longs and a fall to the above-mentioned support at least. A break of the resistance will lead to a rise to 37700-37800. Expectations of three interest rate cuts by the US Fed next year will support the stock, but these cuts are unlikely to take place before the end of spring, so the bulls should be cautious when the DJ30 moves higher.
DJ30 updates highs
18.12.2023
The euphoria on the stock markets continued last week. After a week of consolidation, the US Dow Jones 30 index broke through resistance near 36260 and rose to 37400, helped by frankly "dovish" comments from US Fed Chairman Jerome Powell, in which he predicted three interest rate cuts next year. Downside pullbacks are redeemed around the 37150-37100 levels, which retain the potential to break Friday's high and rise towards 37500-37600. Still, the scale of the rally, the overbought index, and the distant prospects of an interest rate cut by the US Fed may trigger a larger correction.
DJ30 ends the week with growth
11.12.2023
All last week, the American index Dow Jones 30, after rising to the resistance around the level of 36260, consolidated in the range between this resistance and the support around 36000. Although strong data on the U.S. labor market reduce the likelihood of the Fed easing monetary policy, they also once again confirm that the country's economy was able to avoid recession, and against this background, the indices maintain positive dynamics. Nevertheless, the scale of growth of DJ30 and its overbought on the daily chart increase the correction risks but do not exclude the growth in the direction of 36400-36450.
DJ30 ended another week with growth
04.12.2023
After several days of consolidation in a relatively narrow range, the U.S. Dow Jones 30 index broke through resistance at 35400 and, continuing its November rally, rose to 36260, where it closed the week. This rally continued to be fueled by U.S. statistical data, which showed a decline in inflation and led to speculation that the Fed would lower interest rates next year. Nevertheless, given the Fed's intention to keep rates high for the foreseeable future, such a large-scale rise looks unjustified. Signs of overbuying and the proximity of the highs may provoke the liquidation of longs and the development of downward correction, where the nearest target of the bears may be the support near the level of 35900. Breaking through the resistance will lead to growth in the direction of 36350-36400, where bears may become active.
DJ30 updates current highs
27.11.2023
Weak labor market and inflation data in the U.S. almost nullified the probability of the U.S. Federal Reserve raising interest rates, which contributed to another rally in the stock markets, as a result of which the U.S. index Dow Jones 30 broke through several resistances and rose to the level of 35417 at the moment. Although the bulls' positions look quite strong, the index has reached a strong resistance area where further upward movement may encounter some difficulties, which may provoke profit-taking on long positions and the development of a downward correction. Passage of 34000 will lead to growth in the direction of 34100.
DJ30 ended the week with a massive rally
20.11.2023
The US Dow Jones 30 index started last week with a rise to resistance around 34400. After several attempts and against the background of slowing inflation growth in the U.S., this resistance was broken, and the index price soared to the level of 35100, after which there was a pullback to the support of 34900. From it, there may be attempts to break through 35000 and test 35050-35100 again; loss of support will lead to a decline in the direction of 34800-34650. The DJ30 is rising on expectations that the U.S. Fed will lower the interest rate in the first months of next year. Still, these expectations may be overstated, and the index growth excessive, so the bulls should be extremely cautious.
DJ30 storms current highs
13.11.2023
The US Dow Jones 30 index remained positive all last week, but the bulls were only able to break through the resistance near the 34200 level with several attempts, with the last attempt being made after a decline to the 33870 support. Nevertheless, at the moment, they are not able to absorb the offer from the level of 34300, against which the index retreated to 34210. A break of the current support will lead to a decline towards 34100-34000; a confident break of resistance will open the way towards 34500-34600. The US Fed keeping interest rates high remains a negative factor for the stock market.
DJ30 ended the week with growth
06.11.2023
All last week, the American index DOW JONES 30 was gaining back the losses incurred earlier. The decision of the US Federal Reserve to leave the interest rate unchanged and weak data on the US labor market contributed to the decline in yields on US government bonds, which, in turn, contributed to active buying on stock markets. Thus, DJ30 was able to break through several resistances and end the week with a rise to the resistance around 34150. The Fed is likely to keep rates at a high level for a long period, so, given the overbought index, a downward correction towards 34000-33900 is possible from the current levels. A confident breakdown of the resistance will lead to growth in the direction of 34300-34400.
DJ30 recovers after the fall
30.10.2023
Last week was accompanied by anti-risk sentiment in the financial markets, against the background of which the American index, Dow Jones 30, was subjected to another wave of sell-offs, as a result of which it collapsed to the level of 32325 after unsuccessful attempts to break through the resistance in the area of 33260. With the beginning of the new trading week, the index is recovering losses, facilitated by the liquidation of short positions and quite good corporate reports. At the moment, it has tested the level of 32645. Its breakdown will lead to growth in the direction of 32700-32800, but the current growth can still be used for selling, while a fall below Friday's lows is unlikely.
DJ30 collapsed back to 32900
23.10.2023
Rising yields on US government bonds and the military conflict in the Middle East provoked another wave of sell-offs in the stock markets, as a result of which the US Dow Jones 30 index failed to break through resistance at 34140 and, having broken through support at 33570, collapsed to support at 32900. From this support, there may be attempts to develop correction and testing of resistance near 33200; loss of support will lead to a decline towards 32800, where profit-taking on short positions is also possible.
DJ30 tries to break through the resistance
16.10.2023
The US Dow Jones 30 index was in steady demand last week, but the bulls could not break through resistance near 33950. Buying it back on the decline to 33550-33450, and at the moment, the bulls are trying to break through to the resistance again. Its breakdown will lead to growth to 34100-34150, where selling is possible, but the breakdown of the last level will lead to growth to 34500.
DJ30 recovers after the collapse
09.10.2023
Rising yields on U.S. government bonds provoked another wave of sell-offs on stock markets, against which the U.S. index Dow Jones 30 broke through the support near 33300 and fell to 32818. Profit from this level contributed to the recovery to resistance at 33540, where selling interest is noted. The nearest support is now near the 33130 level. The bears may try to break it and test the level of 33000, where the bulls may become active.
DJ30 ended the week with a fall
02.10.2023
During the past week, the U.S. Dow Jones 30 index traded multidirectional, alternately testing support near 33460-33300 and resistance at 33750-33900. The weekly close occurred in the support area, indicating the risks of its breakdown and falling towards 33100-33000. Adopting the temporary budget in the US may become a reason for the activation of bulls, but growth in the direction of 33650-33700 can be used for selling. Passage of the last level will lead to growth towards 33900-34000.
DJ30 sells off after rising.
25.09.2023
The US Dow Jones 30 index was bought on the downside last week to support at 34315, and after testing it, it rallied to 34772. However, the US Fed's intention to keep interest rates high for an extended period and the likelihood of another hike this year has boosted the sellers, so the index has declined to 33838. The RSI on the 4H timeframe has entered the oversold zone, which increases the risks of an upward bounce but does not rule out a decline towards 33800-33750.
Dow Jones chart live
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Why do investors need Dow Jones forecasts?
For a prudent investor interested in trading Dow Jones, the live chart and a professional forecast are the key instruments for building short, medium and long-term strategies. TU analysts publish Dow Jones forecast for today, tomorrow and weekly forecast. The forecast is based on technical analysis data. Traders also need to consider the impact of the following fundamental factors on the price chart:
- U.S. economic data (trade balance, unemployment, GDP, etc.);
- Latest news and indicators of companies included in the index;
- Exchange rate of the U.S. dollar (a direct dependence is observed);
- Statements of the U.S. Federal Reserve on changes to the interest rates.
By knowing what impacts Dow Jones and using the forecast by TU experts, you will be able to achieve good returns.
FAQ
1
Is Dow Jones a good investment?
The Dow Jones Index comprises economically prominent stocks of global companies, which makes it a good investment. Monitor the forecasts, live chart and latest news and you will be able to earn profit.
2
What companies are in DJIA?
The composition of Dow Jones is not permanent. Initially, it was conceived as an industrial index, but now it features 30 companies from different industries and sectors, including Apple, Amgen, American Express, Boeing, Cisco,
Walt Disney and others.
3
Is the Dow Jones Index an exchange-traded asset?
No, it is not (same as other indexes). However, Dow Jones futures are traded on NYSE,
NASDAQ, CME, CBOE under this ticker.
4
Can novice traders work with DJIA?
Trading Dow Jones is more suitable for professionals, as its price performance is difficult to predict. It is very important for beginners to track Dow Jones forecasts and start trading in a safe virtual environment (on a demo account).