DOW JONES - MINI DJ30 FULL0624 - Weekly - Technical analysis published on 03/14/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 31,097.00 USD
My targets
34,194.00 USD (+4.68%)
My analysis
The bullish trend is currently very strong on DOW JONES - MINI DJ30 FULL0621. As long as the price remains above the support at 31,097.00 USD, you could try to benefit from the boom. The first bullish objective is located at 34,194.00 USD. The bullish momentum would be boosted by a break in this resistance. 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, 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
8.6
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Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0621 rating is 32,665.00 USD. The price registered an increase of +3.81% over 5 days and was traded between 31,727.00 USD and 32,715.00 USD over the period. The price is currently at +2.96% from its lowest point and -0.15% from its highest point.31,727.00
32,715.00
32,665.00
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this DOW JONES - MINI DJ30 FULL0621 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 21,700.00 | 26,617.70 | 29,523.00 | 32,665.00 |
| Change (%) | -33.57% | -18.51% | -9.62% | - |
| Change | -10,965.00 | -6,047.30 | -3,142.00 | - |
| Level | Minor | Major | Major | - |
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 | 31,781.00 | 31,964.00 | 32,168.00 | 32,351.00 | 32,555.00 | 32,738.00 | 32,942.00 |
| Camarilla | 32,265.58 | 32,301.05 | 32,336.53 | 32,372.00 | 32,407.48 | 32,442.95 | 32,478.43 |
| Woodie | 31,791.50 | 31,969.25 | 32,178.50 | 32,356.25 | 32,565.50 | 32,743.25 | 32,952.50 |
| Fibonacci | 31,964.00 | 32,111.83 | 32,203.17 | 32,351.00 | 32,498.83 | 32,590.17 | 32,738.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,540.33 | 29,972.67 | 30,665.33 | 31,097.67 | 31,790.33 | 32,222.67 | 32,915.33 |
| Camarilla | 31,048.63 | 31,151.75 | 31,254.88 | 31,358.00 | 31,461.13 | 31,564.25 | 31,667.38 |
| Woodie | 29,670.50 | 30,037.75 | 30,795.50 | 31,162.75 | 31,920.50 | 32,287.75 | 33,045.50 |
| Fibonacci | 29,972.67 | 30,402.42 | 30,667.92 | 31,097.67 | 31,527.42 | 31,792.92 | 32,222.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28,305.00 | 29,134.00 | 30,268.00 | 31,097.00 | 32,231.00 | 33,060.00 | 34,194.00 |
| Camarilla | 30,862.18 | 31,042.12 | 31,222.06 | 31,402.00 | 31,581.94 | 31,761.88 | 31,941.83 |
| Woodie | 28,457.50 | 29,210.25 | 30,420.50 | 31,173.25 | 32,383.50 | 33,136.25 | 34,346.50 |
| Fibonacci | 29,134.00 | 29,883.87 | 30,347.13 | 31,097.00 | 31,846.87 | 32,310.13 | 33,060.00 |
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): | 68.29 | |
| MACD (12,26,9): | 1,082.7400 | |
| Directional Movement: | 5.50 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 31,775.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 30,512.00 | |
| Elder Ray (13): | 1,082.72 | |
| Super Trend (3,10): | 28,870.37 | |
| Zig ZAG (10): | 32,687.00 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 79.94 | |
| TEMA (21): | 32,093.55 | |
| Williams %R (14): | -0.82 | |
| Chande Momentum Oscillator (20): | 2,574.00 | |
| Repulse (5,40,3): | 6.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5300 | |
| Courbe Coppock: | 14.18 |
| MA7: | 31,910.71 | |
| MA20: | 31,604.70 | |
| MA50: | 31,129.86 | |
| MA100: | 30,198.60 | |
| MAexp7: | 31,453.01 | |
| MAexp20: | 30,350.78 | |
| MAexp50: | 28,743.99 | |
| MAexp100: | 27,461.70 | |
| Price / MA7: | +2.36% | |
| Price / MA20: | +3.35% | |
| Price / MA50: | +4.93% | |
| Price / MA100: | +8.17% | |
| Price / MAexp7: | +3.85% | |
| Price / MAexp20: | +7.62% | |
| Price / MAexp50: | +13.64% | |
| Price / MAexp100: | +18.95% |
Quotes :
2021-03-12 22:41:10
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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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