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SPDR Dow Jones Industrial Average ETF Trust (DIA) “On a long-term technical basis, the stock (DIA) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 266.10 suggesting the next support level is at 264.63. This weakness suggests the long-term trend is turning neutral.
The stock has support at 264.63 and 247.34. If the stock breaks down through support at 264.63 then it will probably continue lower to 247.34. The stock will meet resistance at 265.75 and 346.77. If the stock breaks up through resistance at 265.75 then it will probably continue higher to 346.77. The 200-day moving average is at 258.32. This will also act as support. The stock is neutral according to the Stochastic Indicator (49.20).”
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