MICRO E-MINI DJ30 FULL0624 - 15 min. - Technical analysis published on 05/24/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 33,227 USD
My targets
32,975 USD (-0.43%)
32,817 USD (-0.90%)
My analysis
MICRO E-MINI DJ30 FULL0623 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 33,227 USD. The next support located at 32,975 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 32,817 USD. Below this support, sellers could then target 32,565 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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This analysis was given by Saiddurra. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI DJ30 FULL0623 rating 33,116 USD. The price registered a decrease of -0.05% on the session and was between 33,107 USD and 33,184 USD. This implies that the price is at +0.03% from its lowest and at -0.20% from its highest.33,107
33,184
33,116
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 15 min. chart of MICRO E-MINI DJ30 FULL0623 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30,874 | 32,057 | 33,032 | 33,116 | 33,162 | 33,275 | 33,377 |
| Change (%) | -6.77% | -3.20% | -0.25% | - | +0.14% | +0.48% | +0.79% |
| Change | -2,242 | -1,059 | -84 | - | +46 | +159 | +261 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,565 | 32,817 | 32,975 | 33,227 | 33,385 | 33,637 | 33,795 |
| Camarilla | 33,019 | 33,057 | 33,094 | 33,132 | 33,170 | 33,207 | 33,245 |
| Woodie | 32,517 | 32,794 | 32,927 | 33,204 | 33,337 | 33,614 | 33,747 |
| Fibonacci | 32,817 | 32,974 | 33,071 | 33,227 | 33,384 | 33,481 | 33,637 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,409 | 32,721 | 33,108 | 33,420 | 33,807 | 34,119 | 34,506 |
| Camarilla | 33,304 | 33,368 | 33,432 | 33,496 | 33,560 | 33,624 | 33,688 |
| Woodie | 32,448 | 32,740 | 33,147 | 33,439 | 33,846 | 34,138 | 34,545 |
| Fibonacci | 32,721 | 32,988 | 33,153 | 33,420 | 33,687 | 33,852 | 34,119 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,529 | 32,938 | 33,545 | 33,954 | 34,561 | 34,970 | 35,577 |
| Camarilla | 33,873 | 33,966 | 34,059 | 34,152 | 34,245 | 34,338 | 34,431 |
| Woodie | 32,628 | 32,988 | 33,644 | 34,004 | 34,660 | 35,020 | 35,676 |
| Fibonacci | 32,938 | 33,326 | 33,566 | 33,954 | 34,342 | 34,582 | 34,970 |
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): | 42.00 | |
| MACD (12,26,9): | -3.0000 | |
| Directional Movement: | -15 | |
| AROON (14): | 43 | |
| DEMA (21): | 33,160 | |
| Parabolic SAR (0,02-0,02-0,2): | 33,181 | |
| Elder Ray (13): | -13 | |
| Super Trend (3,10): | 33,189 | |
| Zig ZAG (10): | 33,145 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 43.00 | |
| TEMA (21): | 33,170 | |
| Williams %R (14): | -84.00 | |
| Chande Momentum Oscillator (20): | -15 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 33,324 | |
| MA20: | 33,541 | |
| MA50: | 33,430 | |
| MA100: | 33,598 | |
| MAexp7: | 33,154 | |
| MAexp20: | 33,167 | |
| MAexp50: | 33,190 | |
| MAexp100: | 33,242 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -1.43% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.38% |
Quotes :
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10 min delayed data
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CBOT E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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