DOW JONES - MINI DJ30 FULL0624 - 15 min. - Technical analysis published on 06/16/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 34,209.33 USD
My targets
34,050.67 USD (-0.26%)
33,924.33 USD (-0.63%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 34,209.33 USD remains possible. It is advisable to trade DOW JONES - MINI DJ30 FULL0921 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 34,209.33 USD. The next bearish objective for sellers is set at 34,050.67 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 33,924.33 USD. In case of crossing, the next objective would be the support located at 33,765.67 USD. PS: if there is a bullish break in the resistance located at 34,209.33 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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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 34,139.00 USD. The price registered a decrease of -0.11% on the session and was between 34,095.00 USD and 34,197.00 USD. This implies that the price is at +0.13% from its lowest and at -0.17% from its highest.34,095.00
34,197.00
34,139.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW JONES - MINI DJ30 FULL0921:
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 this 15 min. chart of DOW JONES - MINI DJ30 FULL0921 indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 31,061.70 | 33,508.00 | 34,087.00 | 34,139.00 | 34,208.00 | 34,427.70 | 34,686.00 |
| Change (%) | -9.01% | -1.85% | -0.15% | - | +0.20% | +0.85% | +1.60% |
| Change | -3,077.30 | -631.00 | -52.00 | - | +69.00 | +288.70 | +547.00 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,765.67 | 33,924.33 | 34,050.67 | 34,209.33 | 34,335.67 | 34,494.33 | 34,620.67 |
| Camarilla | 34,098.63 | 34,124.75 | 34,150.88 | 34,177.00 | 34,203.13 | 34,229.25 | 34,255.38 |
| Woodie | 33,749.50 | 33,916.25 | 34,034.50 | 34,201.25 | 34,319.50 | 34,486.25 | 34,604.50 |
| Fibonacci | 33,924.33 | 34,033.20 | 34,100.46 | 34,209.33 | 34,318.20 | 34,385.46 | 34,494.33 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 56.61 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 11.70 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 34,139.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,127.57 | |
| Elder Ray (13): | 13.24 | |
| Super Trend (3,10): | 34,105.06 | |
| Zig ZAG (10): | 34,153.00 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 51.13 | |
| TEMA (21): | 34,142.84 | |
| Williams %R (14): | -59.09 | |
| Chande Momentum Oscillator (20): | -1.00 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.07 |
| MA7: | 34,348.14 | |
| MA20: | 34,398.55 | |
| MA50: | 34,127.56 | |
| MA100: | 33,003.67 | |
| MAexp7: | 34,139.83 | |
| MAexp20: | 34,141.37 | |
| MAexp50: | 34,150.03 | |
| MAexp100: | 34,173.25 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +3.44% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.10% |
Quotes :
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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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