DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 11/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 29,143.00 USD
My targets
29,523.00 USD (+0.30%)
29,998.00 USD (+1.91%)
My analysis
The basic trend is currently slightly bullish on DOW JONES - MINI DJ30 FULL1220 and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 29,143.00 USD, purchases could be favourable. The first bullish objective would be the resistance located at 29,523.00 USD. Then the price could move towards 29,998.00 USD. A return under the support to 29,143.00 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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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 rating is 29,436.00 USD. The price has increased by +0.77% since the last closing with the lowest point at 29,116.00 USD and the highest point at 29,454.00 USD. The deviation from the price is +1.10% for the low point and -0.06% for the high point.29,116.00
29,454.00
29,436.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of DOW JONES - MINI DJ30 FULL1220 indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 26,872.00 | 28,815.00 | 29,143.00 | 29,436.00 | 29,523.00 | 29,998.00 |
| Change (%) | -8.71% | -2.11% | -1.00% | - | +0.30% | +1.91% |
| Change | -2,564.00 | -621.00 | -293.00 | - | +87.00 | +562.00 |
| Level | Intermediate | Minor | 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 | 28,759.67 | 28,941.33 | 29,076.67 | 29,258.33 | 29,393.67 | 29,575.33 | 29,710.67 |
| Camarilla | 29,124.83 | 29,153.88 | 29,182.94 | 29,212.00 | 29,241.06 | 29,270.12 | 29,299.18 |
| Woodie | 28,736.50 | 28,929.75 | 29,053.50 | 29,246.75 | 29,370.50 | 29,563.75 | 29,687.50 |
| Fibonacci | 28,941.33 | 29,062.43 | 29,137.24 | 29,258.33 | 29,379.43 | 29,454.24 | 29,575.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28,015.67 | 28,569.33 | 28,890.67 | 29,444.33 | 29,765.67 | 30,319.33 | 30,640.67 |
| Camarilla | 28,971.38 | 29,051.58 | 29,131.79 | 29,212.00 | 29,292.21 | 29,372.42 | 29,452.63 |
| Woodie | 27,899.50 | 28,511.25 | 28,774.50 | 29,386.25 | 29,649.50 | 30,261.25 | 30,524.50 |
| Fibonacci | 28,569.33 | 28,903.58 | 29,110.08 | 29,444.33 | 29,778.58 | 29,985.08 | 30,319.33 |
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): | 61.38 | |
| MACD (12,26,9): | 7.8400 | |
| Directional Movement: | 10.42 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 29,317.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 29,132.20 | |
| Elder Ray (13): | 76.80 | |
| Super Trend (3,10): | 29,436.95 | |
| Zig ZAG (10): | 29,433.00 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 92.14 | |
| TEMA (21): | 29,381.90 | |
| Williams %R (14): | -6.80 | |
| Chande Momentum Oscillator (20): | 218.00 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.47 |
| MA7: | 29,493.57 | |
| MA20: | 28,412.80 | |
| MA50: | 28,074.32 | |
| MA100: | 27,676.24 | |
| MAexp7: | 29,364.64 | |
| MAexp20: | 29,313.40 | |
| MAexp50: | 29,346.29 | |
| MAexp100: | 29,390.59 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +3.60% | |
| Price / MA50: | +4.85% | |
| Price / MA100: | +6.36% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.15% |
Quotes :
2020-11-23 09:13:25
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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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