DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 06/24/2020 (GMT)
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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%
28%
56%
My opinion
Bullish above 25,433.60 USD
My targets
27,342.00 USD (+5.30%)
29,523.00 USD (+13.70%)
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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.9
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES (MINI DJ30 FULL0920) rating 25,965.00 USD. The price has increased by +0.05% since the last closing and was traded between 25,514.00 USD and 26,294.00 USD over the period. The price is currently at +1.77% from its lowest and -1.25% from its highest.25,514.00
26,294.00
25,965.00
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 FULL0920):
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DOW JONES (MINI DJ30 FULL0920) chart shows a bullish trend. 67.86% 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. The Central Indicators scanner detects bearish signals on moving averages 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 does not currently provide any 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 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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 21,700.00 | 23,552.00 | 25,433.60 | 25,965.00 | 27,342.00 | 29,523.00 |
| Change (%) | -16.43% | -9.29% | -2.05% | - | +5.30% | +13.70% |
| Change | -4,265.00 | -2,413.00 | -531.40 | - | +1,377.00 | +3,558.00 |
| 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 | 24,441.00 | 24,975.00 | 25,252.00 | 25,786.00 | 26,063.00 | 26,597.00 | 26,874.00 |
| Camarilla | 25,305.98 | 25,380.32 | 25,454.66 | 25,529.00 | 25,603.34 | 25,677.68 | 25,752.03 |
| Woodie | 24,312.50 | 24,910.75 | 25,123.50 | 25,721.75 | 25,934.50 | 26,532.75 | 26,745.50 |
| Fibonacci | 24,975.00 | 25,284.80 | 25,476.20 | 25,786.00 | 26,095.80 | 26,287.20 | 26,597.00 |
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): | 54.28 | |
| MACD (12,26,9): | 356.4200 | |
| Directional Movement: | -1.84 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 26,289.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,653.40 | |
| Elder Ray (13): | -288.88 | |
| Super Trend (3,10): | 27,466.84 | |
| Zig ZAG (10): | 25,953.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 43.18 | |
| TEMA (21): | 26,202.47 | |
| Williams %R (14): | -51.98 | |
| Chande Momentum Oscillator (20): | -300.00 | |
| Repulse (5,40,3): | 1.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 1.90 |
| MA7: | 25,815.14 | |
| MA20: | 25,986.90 | |
| MA50: | 24,707.82 | |
| MA100: | 24,792.82 | |
| MAexp7: | 25,904.65 | |
| MAexp20: | 25,731.52 | |
| MAexp50: | 25,092.62 | |
| MAexp100: | 25,174.04 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | +5.09% | |
| Price / MA100: | +4.73% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +3.48% | |
| Price / MAexp100: | +3.14% |
Quotes :
2020-06-23 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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