DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 11/13/2020 (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:
Slightly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 29,231.00 USD
My targets
28,803.70 USD (-0.67%)
28,387.80 USD (-2.11%)
My analysis
The strong short-term decline of DOW JONES - MINI DJ30 FULL1220 reinforces the current slightly bearish trend. As long as the price remains below 29,231.00 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 28,803.70 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 28,387.80 USD as an objective. Crossing it would then enable sellers to target 27,667.00 USD. A return to above 29,231.00 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish 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
0.9
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL1220 price is 28,999.00 USD. The price registered an increase of +0.02% on the session with the lowest point at 28,858.00 USD and the highest point at 29,071.00 USD. The deviation from the price is +0.49% for the low point and -0.25% for the high point.28,858.00
29,071.00
28,999.00
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:
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
Technical analysis of DOW JONES - MINI DJ30 FULL1220 in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 | 27,667.00 | 28,387.80 | 28,803.70 | 28,999.00 | 29,231.00 | 29,523.00 | 30,000.00 |
| Change (%) | -4.59% | -2.11% | -0.67% | - | +0.80% | +1.81% | +3.45% |
| Change | -1,332.00 | -611.20 | -195.30 | - | +232.00 | +524.00 | +1,001.00 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28,197.00 | 28,506.00 | 28,749.00 | 29,058.00 | 29,301.00 | 29,610.00 | 29,853.00 |
| Camarilla | 28,840.20 | 28,890.80 | 28,941.40 | 28,992.00 | 29,042.60 | 29,093.20 | 29,143.80 |
| Woodie | 28,164.00 | 28,489.50 | 28,716.00 | 29,041.50 | 29,268.00 | 29,593.50 | 29,820.00 |
| Fibonacci | 28,506.00 | 28,716.86 | 28,847.14 | 29,058.00 | 29,268.86 | 29,399.14 | 29,610.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,480.00 | 25,326.00 | 26,765.00 | 27,611.00 | 29,050.00 | 29,896.00 | 31,335.00 |
| Camarilla | 27,575.63 | 27,785.08 | 27,994.54 | 28,204.00 | 28,413.46 | 28,622.92 | 28,832.38 |
| Woodie | 24,776.50 | 25,474.25 | 27,061.50 | 27,759.25 | 29,346.50 | 30,044.25 | 31,631.50 |
| Fibonacci | 25,326.00 | 26,198.87 | 26,738.13 | 27,611.00 | 28,483.87 | 29,023.13 | 29,896.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22,389.67 | 24,171.33 | 25,282.67 | 27,064.33 | 28,175.67 | 29,957.33 | 31,068.67 |
| Camarilla | 25,598.43 | 25,863.62 | 26,128.81 | 26,394.00 | 26,659.19 | 26,924.38 | 27,189.58 |
| Woodie | 22,054.50 | 24,003.75 | 24,947.50 | 26,896.75 | 27,840.50 | 29,789.75 | 30,733.50 |
| Fibonacci | 24,171.33 | 25,276.46 | 25,959.21 | 27,064.33 | 28,169.46 | 28,852.21 | 29,957.33 |
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): | 45.42 | |
| MACD (12,26,9): | -59.2800 | |
| Directional Movement: | -5.90 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 28,942.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 28,819.48 | |
| Elder Ray (13): | -15.59 | |
| Super Trend (3,10): | 29,254.49 | |
| Zig ZAG (10): | 28,992.00 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 44.83 | |
| TEMA (21): | 28,935.27 | |
| Williams %R (14): | -47.94 | |
| Chande Momentum Oscillator (20): | 9.00 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.89 |
| MA7: | 28,878.29 | |
| MA20: | 27,962.20 | |
| MA50: | 27,859.04 | |
| MA100: | 27,444.86 | |
| MAexp7: | 28,975.82 | |
| MAexp20: | 29,024.51 | |
| MAexp50: | 29,096.71 | |
| MAexp100: | 28,959.79 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | +3.71% | |
| Price / MA50: | +4.09% | |
| Price / MA100: | +5.66% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | +0.14% |
Quotes :
2020-11-13 07:54:16
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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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