DOW JONES - MINI DJ30 FULL0624
DOW JONES - MINI DJ30 FULL0624
- USD (-)
- 10 min delayed data - CBOT E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: YMXXXX
ISIN: YMXXXX

DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 11/24/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 29,725.50 USD
My targets
29,896.00 USD (+0.28%)
29,998.00 USD (+0.62%)
My analysis
The bullish trend is currently very strong on DOW JONES - MINI DJ30 FULL1220. As long as the price remains above the support at 29,725.50 USD, you could try to benefit from the boom. The first bullish objective is located at 29,896.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29,998.00 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DOW JONES - MINI DJ30 FULL1220 rating 29,814.00 USD. On the day, this instrument gained +0.91% with the lowest point at 29,552.00 USD and the highest point at 29,837.00 USD. The deviation from the price is +0.89% for the low point and -0.08% for the high point.

29,552.00
29,837.00
29,814.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 DOW JONES - MINI DJ30 FULL1220 in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 29,264.70 29,523.00 29,725.50 29,814.00 29,896.00 29,998.00
Change (%) -1.84% -0.98% -0.30% - +0.28% +0.62%
Change -549.30 -291.00 -88.50 - +82.00 +184.00
Level Minor Major Minor - Minor Intermediate



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
Standard28,729.3328,922.6729,234.3329,427.6729,739.3329,932.6730,244.33
Camarilla29,407.1329,453.4229,499.7129,546.0029,592.2929,638.5829,684.88
Woodie28,788.5028,952.2529,293.5029,457.2529,798.5029,962.2530,303.50
Fibonacci28,922.6729,115.5829,234.7629,427.6729,620.5829,739.7629,932.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28,015.6728,569.3328,890.6729,444.3329,765.6730,319.3330,640.67
Camarilla28,971.3829,051.5829,131.7929,212.0029,292.2129,372.4229,452.63
Woodie27,899.5028,511.2528,774.5029,386.2529,649.5030,261.2530,524.50
Fibonacci28,569.3328,903.5829,110.0829,444.3329,778.5829,985.0830,319.33


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22,389.6724,171.3325,282.6727,064.3328,175.6729,957.3331,068.67
Camarilla25,598.4325,863.6226,128.8126,394.0026,659.1926,924.3827,189.58
Woodie22,054.5024,003.7524,947.5026,896.7527,840.5029,789.7530,733.50
Fibonacci24,171.3325,276.4625,959.2127,064.3328,169.4628,852.2129,957.33

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): 72.47
MACD (12,26,9): 114.2600
Directional Movement: 18.00
AROON (14): 71.43
DEMA (21): 29,809.35
Parabolic SAR (0,02-0,02-0,2): 29,757.00
Elder Ray (13): 85.22
Super Trend (3,10): 29,593.56
Zig ZAG (10): 29,809.00
VORTEX (21): 1.2100
Stochastique (14,3,5): 90.16
TEMA (21): 29,862.04
Williams %R (14): -9.20
Chande Momentum Oscillator (20): 255.00
Repulse (5,40,3): -0.0500
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 2.24
MA7: 29,569.57
MA20: 28,542.20
MA50: 28,115.30
MA100: 27,718.09
MAexp7: 29,779.63
MAexp20: 29,665.30
MAexp50: 29,530.08
MAexp100: 29,480.72
Price / MA7: +0.83%
Price / MA20: +4.46%
Price / MA50: +6.04%
Price / MA100: +7.56%
Price / MAexp7: +0.12%
Price / MAexp20: +0.50%
Price / MAexp50: +0.96%
Price / MAexp100: +1.13%

Quotes : 2020-11-24 09:50:48 - 10 min delayed data - CBOT E-mini Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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