DOW INC. - 1H - Technical analysis published on 05/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 68.17 USD
My targets
70.61 USD (+2.83%)
71.86 USD (+4.65%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 68.17 USD remains possible. It is advisable to trade DOW INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 68.17 USD. The next bullish objective for buyers is set at 70.61 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71.86 USD. PS: if there is a bearish break in the support located at 68.17 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.5
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Additional analysis
Quotes
DOW INC. rating 68.67 USD. On the day, this instrument lost -0.35% and was traded between 67.80 USD and 69.14 USD over the period. The price is currently at +1.28% from its lowest and -0.68% from its highest.67.80
69.14
68.67
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOW INC. in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 2 are bullish, 10 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 64.13 | 65.81 | 68.17 | 68.67 | 70.61 | 71.86 |
| Change (%) | -6.61% | -4.16% | -0.73% | - | +2.83% | +4.65% |
| Change | -4.54 | -2.86 | -0.50 | - | +1.94 | +3.19 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.27 | 67.38 | 68.15 | 69.26 | 70.03 | 71.14 | 71.91 |
| Camarilla | 68.39 | 68.57 | 68.74 | 68.91 | 69.08 | 69.26 | 69.43 |
| Woodie | 66.09 | 67.30 | 67.97 | 69.18 | 69.85 | 71.06 | 71.73 |
| Fibonacci | 67.38 | 68.10 | 68.55 | 69.26 | 69.98 | 70.43 | 71.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.51 | 63.89 | 65.73 | 67.11 | 68.95 | 70.33 | 72.17 |
| Camarilla | 66.68 | 66.97 | 67.27 | 67.56 | 67.86 | 68.15 | 68.45 |
| Woodie | 62.73 | 64.01 | 65.95 | 67.23 | 69.17 | 70.45 | 72.39 |
| Fibonacci | 63.89 | 65.12 | 65.88 | 67.11 | 68.34 | 69.10 | 70.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.57 | 54.30 | 60.40 | 66.13 | 72.23 | 77.96 | 84.06 |
| Camarilla | 63.25 | 64.33 | 65.42 | 66.50 | 67.58 | 68.67 | 69.75 |
| Woodie | 48.76 | 54.39 | 60.59 | 66.22 | 72.42 | 78.05 | 84.25 |
| Fibonacci | 54.30 | 58.82 | 61.61 | 66.13 | 70.65 | 73.44 | 77.96 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.72 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | -6.70 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 68.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.00 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 70.47 | |
| Zig ZAG (10): | 68.71 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 30.10 | |
| TEMA (21): | 68.71 | |
| Williams %R (14): | -70.16 | |
| Chande Momentum Oscillator (20): | -1.46 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.99 |
| MA7: | 68.10 | |
| MA20: | 67.87 | |
| MA50: | 65.19 | |
| MA100: | 61.96 | |
| MAexp7: | 68.57 | |
| MAexp20: | 68.77 | |
| MAexp50: | 68.36 | |
| MAexp100: | 67.90 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +5.34% | |
| Price / MA100: | +10.83% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +1.13% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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