The stock index Dow Jones completes the trading week at 20948.6. Quotations Dow Jones are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Dow Jones. At the moment, quotes of the stock index test the upper boundary of the bands of the indicator Bollinger Bands. It is expected to test the average border of the Bollinger Bands indicator bars near the level 20660.0, from which one should expect an attempt to continue growth and further development of the bullish trend with the first target near the level of 21420.0.
Bollinger Bands forecast Dow Jones for May 1 — 5, 2017
The conservative buying area is near the bottom of the Bollinger Bands indicator strip at 20330.0. The abolition of the option of continuing the growth of Dow Jones will be a breakdown of the moving average region with a period of 55, as well as the lower border of the indicator bars and the closing of the quotations of the index below the area of 19950.0, which indicates a change in the trend in favor of the bearish on the Dow Jones. In the event of a breakdown of the upper boundary of the indicator bands, it is expected to accelerate the growth of the exchange index in the region above the level of 21420.0.
