Dow Inc. | DOW

Daily Technical Analysis of Dow Inc.

Dow hasn't moved too much today but is slightly up, only up 0.81% since yesterday. It looks like DOW may be interacting with a downward sloping Support line. It may find or support at this level or it's momentum can continue downward. It's definitely important to take into account the directional momentum, so let's be honest Dow has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the Chemicals company have lost -41.15 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who want to break even and exit the position.

If the price bounces off of the support and moves up it'll probably head up to the $35.62 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Dow By Price Target And Rating

The analysts are pretty neutral on Dow right now, so not much useful information here. The current Analysts Sentiment Score is -0.62. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-01 Wolfe Research started covering Dow with a rating of Peer Perform. On 2024-01-29 Barclays increased their price target by 5.45% to $58.00. Royal Bank of Canada announced that they are reiterating a rating of Sector Perform on 2024-01-26 and added a price target of $52.00. JPMorgan Chase & Co. announced that they are reiterating a rating of Overweight on 2024-01-26 and they set their price target at $55.00. Wells Fargo & Company boosted their price targ by 6.78% to $63.00 on 2024-01-26. Bank of America announced an upgrade on 2024-01-16 from Neutral to Buy and moved up their price target to $60.00 which is a 5.26% increase. On 2024-01-11 UBS Group increased their price target by 3.7% to $56.00. On 2024-01-10 there was a downgrade announced by Deutsche Bank Aktiengesel from Buy to Hold and added a price target of $58.00. Argus downgraded from Buy to Hold on 2023-10-27. On 2023-10-25 Citigroup lowered their price target by -3.64% to $53.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Dow

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Dow

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.