DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 06/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 34,311.50 USD
My targets
33,508.00 USD (-1.87%)
33,484.67 USD (-1.93%)
My analysis
DOW JONES - MINI DJ30 FULL0921 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34,311.50 USD. The next support located at 33,508.00 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 33,484.67 USD. Below this support, sellers could then target 31,061.70 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0921 rating is 34,145.00 USD. The price registered a decrease of -0.62% on the session and was traded between 34,125.00 USD and 34,453.00 USD over the period. The price is currently at +0.06% from its lowest and -0.89% from its highest.34,125.00
34,453.00
34,145.00
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOW JONES - MINI DJ30 FULL0921 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29,523.00 | 31,061.70 | 33,508.00 | 34,145.00 | 34,208.00 | 34,311.50 | 34,427.70 |
| Change (%) | -13.54% | -9.03% | -1.87% | - | +0.18% | +0.49% | +0.83% |
| Change | -4,622.00 | -3,083.30 | -637.00 | - | +63.00 | +166.50 | +282.70 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 33,907.33 | 34,057.67 | 34,207.33 | 34,357.67 | 34,507.33 | 34,657.67 | 34,807.33 |
| Camarilla | 34,274.50 | 34,302.00 | 34,329.50 | 34,357.00 | 34,384.50 | 34,412.00 | 34,439.50 |
| Woodie | 33,907.00 | 34,057.50 | 34,207.00 | 34,357.50 | 34,507.00 | 34,657.50 | 34,807.00 |
| Fibonacci | 34,057.67 | 34,172.27 | 34,243.07 | 34,357.67 | 34,472.27 | 34,543.07 | 34,657.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,484.67 | 33,846.33 | 34,101.67 | 34,463.33 | 34,718.67 | 35,080.33 | 35,335.67 |
| Camarilla | 34,187.33 | 34,243.88 | 34,300.44 | 34,357.00 | 34,413.56 | 34,470.12 | 34,526.68 |
| Woodie | 33,431.50 | 33,819.75 | 34,048.50 | 34,436.75 | 34,665.50 | 35,053.75 | 35,282.50 |
| Fibonacci | 33,846.33 | 34,082.03 | 34,227.64 | 34,463.33 | 34,699.03 | 34,844.64 | 35,080.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31,700.00 | 32,450.00 | 33,500.00 | 34,250.00 | 35,300.00 | 36,050.00 | 37,100.00 |
| Camarilla | 34,055.00 | 34,220.00 | 34,385.00 | 34,550.00 | 34,715.00 | 34,880.00 | 35,045.00 |
| Woodie | 31,850.00 | 32,525.00 | 33,650.00 | 34,325.00 | 35,450.00 | 36,125.00 | 37,250.00 |
| Fibonacci | 32,450.00 | 33,137.60 | 33,562.40 | 34,250.00 | 34,937.60 | 35,362.40 | 36,050.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 24.56 | |
| MACD (12,26,9): | -40.7900 | |
| Directional Movement: | -19.66 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 34,277.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,438.28 | |
| Elder Ray (13): | -108.00 | |
| Super Trend (3,10): | 34,365.67 | |
| Zig ZAG (10): | 34,154.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 4.52 | |
| TEMA (21): | 34,254.61 | |
| Williams %R (14): | -99.36 | |
| Chande Momentum Oscillator (20): | -246.00 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.55 |
| MA7: | 34,478.43 | |
| MA20: | 34,368.15 | |
| MA50: | 34,091.60 | |
| MA100: | 32,929.57 | |
| MAexp7: | 34,258.68 | |
| MAexp20: | 34,323.95 | |
| MAexp50: | 34,379.99 | |
| MAexp100: | 34,442.71 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +3.69% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -0.86% |
Quotes :
-
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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