DOW JONES - MINI DJ30 FULL0624 - 15 min. - Technical analysis published on 09/16/2020 (GMT)
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 27,920.67 USD
My targets
28,048.67 USD (+0.27%)
28,123.33 USD (+0.54%)
My analysis
With a bullish background trend, the price of DOW JONES (MINI DJ30 FULL1220) is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 27,920.67 USD. A bullish break in the resistance located at 28,048.67 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 28,123.33 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 28,048.67 USD before allowing yourself to re trade long positions (at purchase) on DOW JONES (MINI DJ30 FULL1220). PS: if there is a bearish break in the support located at 27,920.67 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.7
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES (MINI DJ30 FULL1220) price is 27,972.00 USD. The price has increased by +0.23% since the last closing and was traded between 27,846.00 USD and 28,251.00 USD over the period. The price is currently at +0.45% from its lowest and -0.99% from its highest.27,846.00
28,251.00
27,972.00
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of DOW JONES (MINI DJ30 FULL1220) indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27,646.80 | 27,812.70 | 27,967.70 | 27,972.00 | 28,192.80 | 28,404.00 | 29,179.00 |
| Change (%) | -1.16% | -0.57% | -0.02% | - | +0.79% | +1.54% | +4.32% |
| Change | -325.20 | -159.30 | -4.30 | - | +220.80 | +432.00 | +1,207.00 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27,739.33 | 27,792.67 | 27,867.33 | 27,920.67 | 27,995.33 | 28,048.67 | 28,123.33 |
| Camarilla | 27,906.80 | 27,918.53 | 27,930.27 | 27,942.00 | 27,953.73 | 27,965.47 | 27,977.20 |
| Woodie | 27,750.00 | 27,798.00 | 27,878.00 | 27,926.00 | 28,006.00 | 28,054.00 | 28,134.00 |
| Fibonacci | 27,792.67 | 27,841.56 | 27,871.77 | 27,920.67 | 27,969.56 | 27,999.77 | 28,048.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,765.00 | 26,475.00 | 26,984.00 | 27,694.00 | 28,203.00 | 28,913.00 | 29,422.00 |
| Camarilla | 27,157.78 | 27,269.52 | 27,381.26 | 27,493.00 | 27,604.74 | 27,716.48 | 27,828.23 |
| Woodie | 25,664.50 | 26,424.75 | 26,883.50 | 27,643.75 | 28,102.50 | 28,862.75 | 29,321.50 |
| Fibonacci | 26,475.00 | 26,940.66 | 27,228.34 | 27,694.00 | 28,159.66 | 28,447.34 | 28,913.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,365.67 | 25,281.33 | 26,951.67 | 27,867.33 | 29,537.67 | 30,453.33 | 32,123.67 |
| Camarilla | 27,910.85 | 28,147.90 | 28,384.95 | 28,622.00 | 28,859.05 | 29,096.10 | 29,333.15 |
| Woodie | 24,743.00 | 25,470.00 | 27,329.00 | 28,056.00 | 29,915.00 | 30,642.00 | 32,501.00 |
| Fibonacci | 25,281.33 | 26,269.18 | 26,879.48 | 27,867.33 | 28,855.18 | 29,465.48 | 30,453.33 |
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): | 50.05 | |
| MACD (12,26,9): | 31.9100 | |
| Directional Movement: | 6.30 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 28,130.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 28,054.67 | |
| Elder Ray (13): | 6.71 | |
| Super Trend (3,10): | 28,061.74 | |
| Zig ZAG (10): | 28,072.00 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 43.88 | |
| TEMA (21): | 28,118.83 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -136.00 | |
| Repulse (5,40,3): | -0.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.35 |
| MA7: | 27,805.43 | |
| MA20: | 28,147.00 | |
| MA50: | 27,449.50 | |
| MA100: | 26,351.53 | |
| MAexp7: | 28,075.14 | |
| MAexp20: | 28,092.96 | |
| MAexp50: | 28,045.06 | |
| MAexp100: | 28,007.14 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | +6.15% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-09-16 19:16:17
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15 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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