MICRO E-MINI DJ30 FULL0624 - Daily - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 38,587 USD
My targets
40,071 USD (+1.37%)
40,554 USD (+2.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRO E-MINI DJ30 FULL0624 as long as the price remains well above 38,587 USD. The buyers' bullish objective is set at 40,071 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40,554 USD. If there is any crossing, the next objective would be the resistance located at 41,320 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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This analysis was given by grmssaing84. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI DJ30 FULL0624 rating 39,530 USD. The price is lower by -0.02% since the last closing and was between 39,527 USD and 39,540 USD. This implies that the price is at +0.01% from its lowest and at -0.03% from its highest.39,527
39,540
39,530
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MICRO E-MINI DJ30 FULL0624 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 35,088 | 36,825 | 38,587 | 39,530 | 39,625 |
| Change (%) | -11.24% | -6.84% | -2.39% | - | +0.24% |
| Change | -4,442 | -2,705 | -943 | - | +95 |
| Level | Minor | Major | Major | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38,811 | 38,963 | 39,250 | 39,402 | 39,689 | 39,841 | 40,128 |
| Camarilla | 39,415 | 39,456 | 39,496 | 39,536 | 39,576 | 39,616 | 39,657 |
| Woodie | 38,878 | 38,997 | 39,317 | 39,436 | 39,756 | 39,875 | 40,195 |
| Fibonacci | 38,963 | 39,131 | 39,235 | 39,402 | 39,570 | 39,674 | 39,841 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38,050 | 38,489 | 38,821 | 39,260 | 39,592 | 40,031 | 40,363 |
| Camarilla | 38,941 | 39,012 | 39,082 | 39,153 | 39,224 | 39,294 | 39,365 |
| Woodie | 37,997 | 38,462 | 38,768 | 39,233 | 39,539 | 40,004 | 40,310 |
| Fibonacci | 38,489 | 38,784 | 38,965 | 39,260 | 39,555 | 39,736 | 40,031 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,573 | 38,056 | 38,822 | 39,305 | 40,071 | 40,554 | 41,320 |
| Camarilla | 39,244 | 39,358 | 39,473 | 39,587 | 39,701 | 39,816 | 39,930 |
| Woodie | 37,714 | 38,127 | 38,963 | 39,376 | 40,212 | 40,625 | 41,461 |
| Fibonacci | 38,056 | 38,533 | 38,828 | 39,305 | 39,782 | 40,077 | 40,554 |
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): | 57.00 | |
| MACD (12,26,9): | 90.0000 | |
| Directional Movement: | 3 | |
| AROON (14): | 50 | |
| DEMA (21): | 39,444 | |
| Parabolic SAR (0,02-0,02-0,2): | 39,691 | |
| Elder Ray (13): | 1 | |
| Super Trend (3,10): | 38,630 | |
| Zig ZAG (10): | 39,536 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 49.00 | |
| TEMA (21): | 39,378 | |
| Williams %R (14): | -21.00 | |
| Chande Momentum Oscillator (20): | 64 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 39,398 | |
| MA20: | 39,374 | |
| MA50: | 39,011 | |
| MA100: | 37,863 | |
| MAexp7: | 39,395 | |
| MAexp20: | 39,299 | |
| MAexp50: | 38,903 | |
| MAexp100: | 38,096 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +1.33% | |
| Price / MA100: | +4.40% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | +1.61% | |
| Price / MAexp100: | +3.76% |
Quotes :
-
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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