DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 10/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 28,182.00 USD
My targets
28,025.00 USD (-0.29%)
27,923.60 USD (-0.65%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DOW JONES (MINI DJ30 FULL1220) as long as the price remains well below 28,182.00 USD. The sellers” bearish objective is set at 28,025.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27,923.60 USD. In case of crossing, the next objective would be the support located at 26,872.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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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) rating is 28,107.00 USD. On the day, this instrument lost -0.57% and was between 28,063.00 USD and 28,392.00 USD. This implies that the price is at +0.16% from its lowest and at -1.00% from its highest.28,063.00
28,392.00
28,107.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DOW JONES (MINI DJ30 FULL1220) chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26,872.00 | 27,923.60 | 28,025.00 | 28,107.00 | 28,182.00 | 28,336.40 | 28,489.50 |
| Change (%) | -4.39% | -0.65% | -0.29% | - | +0.27% | +0.82% | +1.36% |
| Change | -1,235.00 | -183.40 | -82.00 | - | +75.00 | +229.40 | +382.50 |
| Level | Major | Minor | Major | - | Minor | Minor | 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 | 27,588.00 | 27,742.00 | 28,005.00 | 28,159.00 | 28,422.00 | 28,576.00 | 28,839.00 |
| Camarilla | 28,153.33 | 28,191.55 | 28,229.78 | 28,268.00 | 28,306.23 | 28,344.45 | 28,382.68 |
| Woodie | 27,642.50 | 27,769.25 | 28,059.50 | 28,186.25 | 28,476.50 | 28,603.25 | 28,893.50 |
| Fibonacci | 27,742.00 | 27,901.29 | 27,999.71 | 28,159.00 | 28,318.29 | 28,416.71 | 28,576.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27,185.67 | 27,605.33 | 28,006.67 | 28,426.33 | 28,827.67 | 29,247.33 | 29,648.67 |
| Camarilla | 28,182.23 | 28,257.48 | 28,332.74 | 28,408.00 | 28,483.26 | 28,558.52 | 28,633.78 |
| Woodie | 27,176.50 | 27,600.75 | 27,997.50 | 28,421.75 | 28,818.50 | 29,242.75 | 29,639.50 |
| Fibonacci | 27,605.33 | 27,918.96 | 28,112.71 | 28,426.33 | 28,739.96 | 28,933.71 | 29,247.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,564.33 | 24,985.67 | 26,337.33 | 27,758.67 | 29,110.33 | 30,531.67 | 31,883.33 |
| Camarilla | 26,926.43 | 27,180.62 | 27,434.81 | 27,689.00 | 27,943.19 | 28,197.38 | 28,451.58 |
| Woodie | 23,529.50 | 24,968.25 | 26,302.50 | 27,741.25 | 29,075.50 | 30,514.25 | 31,848.50 |
| Fibonacci | 24,985.67 | 26,044.95 | 26,699.38 | 27,758.67 | 28,817.95 | 29,472.38 | 30,531.67 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.12 | |
| MACD (12,26,9): | 9.1900 | |
| Directional Movement: | -17.61 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 28,269.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 28,377.95 | |
| Elder Ray (13): | -123.93 | |
| Super Trend (3,10): | 28,373.58 | |
| Zig ZAG (10): | 28,104.00 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 13.37 | |
| TEMA (21): | 28,253.25 | |
| Williams %R (14): | -91.19 | |
| Chande Momentum Oscillator (20): | -199.00 | |
| Repulse (5,40,3): | -0.7100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.19 |
| MA7: | 28,225.86 | |
| MA20: | 28,094.60 | |
| MA50: | 27,950.58 | |
| MA100: | 27,154.46 | |
| MAexp7: | 28,225.07 | |
| MAexp20: | 28,246.75 | |
| MAexp50: | 28,220.90 | |
| MAexp100: | 28,246.97 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | +3.51% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.50% |
Quotes :
2020-10-23 16:46:11
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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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