DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 06/23/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 25,433.60 USD
My targets
27,342.00 USD (+5.35%)
29,523.00 USD (+13.76%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DOW JONES (MINI DJ30 FULL0920) as long as the price remains well above 25,433.60 USD. The buyers” bullish objective is set at 27,342.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29,523.00 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.9
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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 FULL0920) rating 25,953.00 USD. On the day, this instrument gained +1.66% with the lowest point at 25,230.00 USD and the highest point at 25,987.00 USD. The deviation from the price is +2.87% for the low point and -0.13% for the high point.25,230.00
25,987.00
25,953.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW JONES (MINI DJ30 FULL0920):
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOW JONES (MINI DJ30 FULL0920) in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21,700.00 | 23,552.00 | 25,433.60 | 25,953.00 | 27,342.00 | 29,523.00 |
| Change (%) | -16.39% | -9.25% | -2.00% | - | +5.35% | +13.76% |
| Change | -4,253.00 | -2,401.00 | -519.40 | - | +1,389.00 | +3,570.00 |
| Level | Major | Intermediate | Major | - | Major | 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 | 25,104.33 | 25,360.67 | 25,635.33 | 25,891.67 | 26,166.33 | 26,422.67 | 26,697.33 |
| Camarilla | 25,763.98 | 25,812.65 | 25,861.33 | 25,910.00 | 25,958.68 | 26,007.35 | 26,056.03 |
| Woodie | 25,113.50 | 25,365.25 | 25,644.50 | 25,896.25 | 26,175.50 | 26,427.25 | 26,706.50 |
| Fibonacci | 25,360.67 | 25,563.51 | 25,688.83 | 25,891.67 | 26,094.51 | 26,219.83 | 26,422.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21,656.67 | 23,295.33 | 24,346.67 | 25,985.33 | 27,036.67 | 28,675.33 | 29,726.67 |
| Camarilla | 24,658.25 | 24,904.83 | 25,151.42 | 25,398.00 | 25,644.58 | 25,891.17 | 26,137.75 |
| Woodie | 21,363.00 | 23,148.50 | 24,053.00 | 25,838.50 | 26,743.00 | 28,528.50 | 29,433.00 |
| Fibonacci | 23,295.33 | 24,322.91 | 24,957.75 | 25,985.33 | 27,012.91 | 27,647.75 | 28,675.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,423.33 | 21,563.67 | 23,513.33 | 24,653.67 | 26,603.33 | 27,743.67 | 29,693.33 |
| Camarilla | 24,613.25 | 24,896.50 | 25,179.75 | 25,463.00 | 25,746.25 | 26,029.50 | 26,312.75 |
| Woodie | 20,828.00 | 21,766.00 | 23,918.00 | 24,856.00 | 27,008.00 | 27,946.00 | 30,098.00 |
| Fibonacci | 21,563.67 | 22,744.05 | 23,473.29 | 24,653.67 | 25,834.05 | 26,563.29 | 27,743.67 |
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): | 50.37 | |
| MACD (12,26,9): | 380.6300 | |
| Directional Movement: | 0.87 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 26,298.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,796.66 | |
| Elder Ray (13): | 26.39 | |
| Super Trend (3,10): | 27,466.84 | |
| Zig ZAG (10): | 25,529.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 43.97 | |
| TEMA (21): | 26,236.05 | |
| Williams %R (14): | -65.16 | |
| Chande Momentum Oscillator (20): | -699.00 | |
| Repulse (5,40,3): | -2.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 3.97 |
| MA7: | 25,707.71 | |
| MA20: | 25,924.55 | |
| MA50: | 24,654.94 | |
| MA100: | 24,815.25 | |
| MAexp7: | 25,888.53 | |
| MAexp20: | 25,708.21 | |
| MAexp50: | 25,057.50 | |
| MAexp100: | 25,158.01 | |
| Price / MA7: | +0.95% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | +5.26% | |
| Price / MA100: | +4.58% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +3.57% | |
| Price / MAexp100: | +3.16% |
Quotes :
2020-06-22 00:00:00
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End-of-day 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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