
Technical analysis of Dow Jones Industrial Average (index) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
The Dow Jones Industrial Average is a stock index that tracks the performance of a basket of publicly listed companies in the United States. The index represents one of the main indicators of the performance of the U.S. stock market.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 16, 2026, computed on the last 12 months of prices.
21 sessions
51,538.30 $
+0.90%
50 sessions
52,460.31 $
−0.87%
200 sessions
50,439.71 $
+3.10%
s2
51,467.61
Support
s1
51,822.65
Support
pivot
52,036.41
Pivot
r1
52,391.46
Resistance
r2
52,605.22
Resistance
In the October 16, 2026 session Dow Jones Industrial Average closed lower at 52,002.41 $, −0.34% versus the previous session.
The price sits mixed against its moving averages: +0.90% against the 21-session average, −0.87% against the 50 and +3.10% against the 200.
The 14-period RSI reads 52.6, in neutral territory.
MACD stands at -117.970 against a signal line at -259.175: the histogram is positive (+141.205).
ADX reads 18.9, indicating weak directionality.
Levels computed on the latest session place supports at 51,822.65 and 51,467.61 $ and resistances at 52,391.46 and 52,605.22 $, around a pivot of 52,036.41.
The average daily range (ATR) is 519.626 $, or 1.00% of price.
Turnover was 488.1M shares, 113% of the 20-session average.
Over the last twelve months the price ranged between 48,708.57 and 54,744.33 $, and today stands −5.01% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Dow Jones Industrial Average analysed technically?
Technical analysis of Dow Jones Industrial Average is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Dow Jones Industrial Average?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Dow Jones Industrial Average?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Dow Jones Industrial Average it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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