Stock Indices: Dow Jones closes lower on Friday, dragged down by Apple, Goldman Sachs and Cisco

On Friday Dow Jones Industrial Average traded within the range of 17,867.41-17,937.65. The benchmark closed at 17,897.46, shedding 0.16% (28.97 points) on a daily basis. It has been the 22nd drop in the past 53 trading days. In weekly terms, the Dow added 1.82% to its value during the past week. It has been the 9th gain in the past 15 weeks and also the sharpest one since the week ended on March 20th. The blue-chip gauge has surged 1.20% so far in April, after going up 7.08% in the preceding month.

Among the companies included in the benchmark, 15 registered a decline and 15 recorded gains on Friday. The shares of Apple Inc (AAPL) recorded the worst performance within the Dow on April 15th, going down 2.01% to close at $109.85. It has been the 8th drop in the past 20 trading days. April 15th low of $109.73 per share has been the lowest price level since April 12th, when a low of $108.66 a share was registered. In addition, the daily trading volume (46.94M) has been the highest since March 1st. Apple shares have trimmed their advance to 0.79% so far during the current month, following a 12.72% surge in March.

Goldman Sachs Group Inc (GS) was the second worst performer within the DJIA on April 15th, falling 1.49% to close at $158.52 per share. It has been the 10th drop in the past 20 trading days and also the sharpest one since April 7th, when Goldman stock plummeted 3.08%. April 15th low of $158.20 per share has been the lowest price level since April 13th, when a low of $156.38 was recorded. Goldman shares have cut their advance to 0.98% so far in April, following a 4.98% increase in March.

At the same time, the shares of Coca-Cola Company (KO) recorded the most notable daily increase within the DJIA on April 15th, going up 0.61%, to close at $46.10, while marking their 11th gain in the past 20 trading days. April 15th high of $46.16 per share has been a lower-high test of the high from April 14th. In addition, the daily trading volume (13.65M) has been the highest since April 1st. Coca-Cola stock has fallen 0.63% so far during the current month, following two consecutive months of advance.

Microsoft Corporation (MSFT) was the second best performer within the Dow on Friday, advancing 0.52%, to close at $55.65. It has been the 12th gain in the past 20 trading days and also a fourth consecutive one. April 15th high of $55.92 per share has been the highest price level since December 31st 2015, when a high of $56.19 per share was registered. In addition, the daily trading volume (28.79M) has been the highest since March 18th. Microsoft shares have added 0.76% to their value so far in April, following an 8.55% advance in the prior month.

In weekly terms, 4 shares registered a decline last week and 26 recorded gains.

Daily and Weekly Pivot Levels

By employing the Camarilla calculation method, the Monday pivot levels for DJIA are presented as follows:

R1 – 17,903.90
R2 – 17,910.34
R3 (range resistance) – 17,916.78
R4 (range breakout) – 17,936.09

S1 – 17,891.02
S2 – 17,884.58
S3 (range support) – 17,878.14
S4 (range breakout) – 17,858.83

By using the traditional method of calculation, the weekly pivot levels for DJIA are presented as follows:

Central Pivot Point – 17,804.39
R1 – 18,055.21
R2 – 18,212.96
R3 – 18,463.78

S1 – 17,646.64
S2 – 17,395.82
S3 – 17,238.07