DOW JONES - MINI DJ30 FULL0624 - 15 min. - Technical analysis published on 11/13/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 29,058.00 USD
My targets
29,301.00 USD (+0.21%)
29,610.00 USD (+1.27%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOW JONES - MINI DJ30 FULL1220 as long as the price remains well above 29,058.00 USD. The buyers” bullish objective is set at 29,301.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29,610.00 USD. If there is any crossing, the next objective would be the resistance located at 29,853.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL1220 rating is 29,240.00 USD. The price has increased by +0.86% since the last closing and was between 28,858.00 USD and 29,296.00 USD. This implies that the price is at +1.32% from its lowest and at -0.19% from its highest.28,858.00
29,296.00
29,240.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW JONES - MINI DJ30 FULL1220:
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 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 28,387.80 | 28,803.70 | 29,231.00 | 29,240.00 | 29,523.00 | 30,000.00 |
| Change (%) | -2.91% | -1.49% | -0.03% | - | +0.97% | +2.60% |
| Change | -852.20 | -436.30 | -9.00 | - | +283.00 | +760.00 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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): | 55.96 | |
| MACD (12,26,9): | 29.9000 | |
| Directional Movement: | 7.56 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 29,236.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 29,241.43 | |
| Elder Ray (13): | -4.67 | |
| Super Trend (3,10): | 29,123.85 | |
| Zig ZAG (10): | 29,186.00 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 22.35 | |
| TEMA (21): | 29,226.01 | |
| Williams %R (14): | -17.39 | |
| Chande Momentum Oscillator (20): | 30.00 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.23 |
| MA7: | 28,911.57 | |
| MA20: | 27,973.00 | |
| MA50: | 27,863.44 | |
| MA100: | 27,447.06 | |
| MAexp7: | 29,204.28 | |
| MAexp20: | 29,190.81 | |
| MAexp50: | 29,128.38 | |
| MAexp100: | 29,110.88 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +4.53% | |
| Price / MA50: | +4.94% | |
| Price / MA100: | +6.53% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.44% |
Quotes :
2020-11-13 14:42:59
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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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