DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 10/12/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 34,359.00 USD
My targets
34,727.00 USD (+0.80%)
34,854.00 USD (+1.17%)
My analysis
The basic trend is currently slightly bullish on DOW JONES - MINI DJ30 FULL1221 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 34,359.00 USD, purchases could be favourable. The first bullish objective would be the resistance located at 34,727.00 USD. Then the price could move towards 34,854.00 USD. Then 35,518.00 USD by extension. A return under the support to 34,359.00 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
5.2
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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
DOW JONES - MINI DJ30 FULL1221 rating 34,452.00 USD. On the day, this instrument gained +0.65% with the lowest point at 34,140.00 USD and the highest point at 34,486.00 USD. The deviation from the price is +0.91% for the low point and -0.10% for the high point.34,140.00
34,486.00
34,452.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical
Technical analysis of DOW JONES - MINI DJ30 FULL1221 in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33,725.80 | 33,925.70 | 34,359.00 | 34,452.00 | 34,489.00 | 34,727.00 | 34,854.00 |
| Change (%) | -2.11% | -1.53% | -0.27% | - | +0.11% | +0.80% | +1.17% |
| Change | -726.20 | -526.30 | -93.00 | - | +37.00 | +275.00 | +402.00 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 33,683.67 | 34,003.33 | 34,189.67 | 34,509.33 | 34,695.67 | 35,015.33 | 35,201.67 |
| Camarilla | 34,236.85 | 34,283.23 | 34,329.62 | 34,376.00 | 34,422.38 | 34,468.77 | 34,515.15 |
| Woodie | 33,617.00 | 33,970.00 | 34,123.00 | 34,476.00 | 34,629.00 | 34,982.00 | 35,135.00 |
| Fibonacci | 34,003.33 | 34,196.63 | 34,316.04 | 34,509.33 | 34,702.63 | 34,822.04 | 35,015.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,747.00 | 33,214.00 | 33,920.00 | 34,387.00 | 35,093.00 | 35,560.00 | 36,266.00 |
| Camarilla | 34,303.43 | 34,410.95 | 34,518.48 | 34,626.00 | 34,733.53 | 34,841.05 | 34,948.58 |
| Woodie | 32,866.50 | 33,273.75 | 34,039.50 | 34,446.75 | 35,212.50 | 35,619.75 | 36,385.50 |
| Fibonacci | 33,214.00 | 33,662.09 | 33,938.91 | 34,387.00 | 34,835.09 | 35,111.91 | 35,560.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31,077.67 | 32,230.33 | 33,198.67 | 34,351.33 | 35,319.67 | 36,472.33 | 37,440.67 |
| Camarilla | 33,583.73 | 33,778.15 | 33,972.58 | 34,167.00 | 34,361.43 | 34,555.85 | 34,750.28 |
| Woodie | 30,985.50 | 32,184.25 | 33,106.50 | 34,305.25 | 35,227.50 | 36,426.25 | 37,348.50 |
| Fibonacci | 32,230.33 | 33,040.56 | 33,541.11 | 34,351.33 | 35,161.56 | 35,662.11 | 36,472.33 |
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): | 55.34 | |
| MACD (12,26,9): | -20.1800 | |
| Directional Movement: | -4.88 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 34,338.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,271.61 | |
| Elder Ray (13): | 74.13 | |
| Super Trend (3,10): | 34,477.27 | |
| Zig ZAG (10): | 34,459.00 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 80.89 | |
| TEMA (21): | 34,364.08 | |
| Williams %R (14): | -6.37 | |
| Chande Momentum Oscillator (20): | 217.00 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.57 |
| MA7: | 34,349.86 | |
| MA20: | 34,315.95 | |
| MA50: | 34,812.54 | |
| MA100: | 34,637.73 | |
| MAexp7: | 34,393.06 | |
| MAexp20: | 34,381.55 | |
| MAexp50: | 34,436.91 | |
| MAexp100: | 34,421.90 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.09% |
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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