DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 05/06/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 24,820.00 USD
My targets
22,970.33 USD (-3.33%)
21,700.00 USD (-8.67%)
My analysis
The basic trend is bearish on DOW JONES (MINI DJ30 FULL0620) and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 24,820.00 USD. Buyers would then use the next resistance located at 26,000.20 USD as an objective. Crossing it would then enable buyers to target 27,342.00 USD. If there is a return to below the support located at 22,970.33 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 21,700.00 USD and 20,335.00 USD by extension.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
0.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES (MINI DJ30 FULL0620) rating 23,761.00 USD. The price is lower by +0.81% since the last closing and was traded between 23,577.00 USD and 24,057.00 USD over the period. The price is currently at +0.78% from its lowest and -1.23% from its highest.23,577.00
24,057.00
23,761.00
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 JONES (MINI DJ30 FULL0620):
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DOW JONES (MINI DJ30 FULL0620) chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 20,335.00 | 21,700.00 | 23,552.00 | 23,761.00 | 24,820.00 | 26,000.20 | 27,342.00 |
| Change (%) | -14.42% | -8.67% | -0.88% | - | +4.46% | +9.42% | +15.07% |
| Change | -3,426.00 | -2,061.00 | -209.00 | - | +1,059.00 | +2,239.20 | +3,581.00 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
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 | 22,858.67 | 23,194.33 | 23,406.67 | 23,742.33 | 23,954.67 | 24,290.33 | 24,502.67 |
| Camarilla | 23,468.30 | 23,518.53 | 23,568.77 | 23,619.00 | 23,669.23 | 23,719.47 | 23,769.70 |
| Woodie | 22,797.00 | 23,163.50 | 23,345.00 | 23,711.50 | 23,893.00 | 24,259.50 | 24,441.00 |
| Fibonacci | 23,194.33 | 23,403.67 | 23,533.00 | 23,742.33 | 23,951.67 | 24,081.00 | 24,290.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21,524.67 | 22,169.33 | 22,913.67 | 23,558.33 | 24,302.67 | 24,947.33 | 25,691.67 |
| Camarilla | 23,276.03 | 23,403.35 | 23,530.68 | 23,658.00 | 23,785.33 | 23,912.65 | 24,039.98 |
| Woodie | 21,574.50 | 22,194.25 | 22,963.50 | 23,583.25 | 24,352.50 | 24,972.25 | 25,741.50 |
| Fibonacci | 22,169.33 | 22,699.93 | 23,027.74 | 23,558.33 | 24,088.93 | 24,416.74 | 24,947.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,856.67 | 18,678.33 | 21,148.67 | 22,970.33 | 25,440.67 | 27,262.33 | 29,732.67 |
| Camarilla | 22,438.70 | 22,832.13 | 23,225.57 | 23,619.00 | 24,012.43 | 24,405.87 | 24,799.30 |
| Woodie | 17,181.00 | 18,840.50 | 21,473.00 | 23,132.50 | 25,765.00 | 27,424.50 | 30,057.00 |
| Fibonacci | 18,678.33 | 20,317.88 | 21,330.79 | 22,970.33 | 24,609.88 | 25,622.79 | 27,262.33 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.08 | |
| MACD (12,26,9): | 252.5000 | |
| Directional Movement: | -0.48 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 23,709.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,137.97 | |
| Elder Ray (13): | -216.82 | |
| Super Trend (3,10): | 21,927.27 | |
| Zig ZAG (10): | 23,571.00 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 50.19 | |
| TEMA (21): | 24,352.43 | |
| Williams %R (14): | -61.73 | |
| Chande Momentum Oscillator (20): | 164.00 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.20 |
| MA7: | 23,955.43 | |
| MA20: | 23,539.85 | |
| MA50: | 23,235.84 | |
| MA100: | 26,037.86 | |
| MAexp7: | 23,811.84 | |
| MAexp20: | 23,469.45 | |
| MAexp50: | 23,907.42 | |
| MAexp100: | 25,020.23 | |
| Price / MA7: | -0.81% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +2.26% | |
| Price / MA100: | -8.74% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +1.24% | |
| Price / MAexp50: | -0.61% | |
| Price / MAexp100: | -5.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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