DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 10/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 34,727.00 USD
My targets
36,472.33 USD (+2.77%)
37,440.67 USD (+5.50%)
My analysis
The bullish trend is currently very strong on DOW JONES - MINI DJ30 FULL1221. As long as the price remains above the support at 34,727.00 USD, you could try to benefit from the boom. The first bullish objective is located at 36,472.33 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37,440.67 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL1221 rating is 35,490.00 USD. The price has increased by +0.04% since the last closing and was traded between 35,308.00 USD and 35,536.00 USD over the period. The price is currently at +0.52% from its lowest and -0.13% from its highest.35,308.00
35,536.00
35,490.00
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW JONES - MINI DJ30 FULL1221:
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 this Daily chart of DOW JONES - MINI DJ30 FULL1221 indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 31,916.00 | 33,155.00 | 34,727.00 | 35,490.00 | 35,518.00 |
| Change (%) | -10.07% | -6.58% | -2.15% | - | +0.08% |
| Change | -3,574.00 | -2,335.00 | -763.00 | - | +28.00 |
| Level | Minor | Intermediate | Major | - | 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 | 35,050.00 | 35,161.00 | 35,319.00 | 35,430.00 | 35,588.00 | 35,699.00 | 35,857.00 |
| Camarilla | 35,403.03 | 35,427.68 | 35,452.34 | 35,477.00 | 35,501.66 | 35,526.32 | 35,550.98 |
| Woodie | 35,073.50 | 35,172.75 | 35,342.50 | 35,441.75 | 35,611.50 | 35,710.75 | 35,880.50 |
| Fibonacci | 35,161.00 | 35,263.76 | 35,327.24 | 35,430.00 | 35,532.76 | 35,596.24 | 35,699.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,156.67 | 33,570.33 | 34,370.67 | 34,784.33 | 35,584.67 | 35,998.33 | 36,798.67 |
| Camarilla | 34,837.15 | 34,948.43 | 35,059.72 | 35,171.00 | 35,282.28 | 35,393.57 | 35,504.85 |
| Woodie | 33,350.00 | 33,667.00 | 34,564.00 | 34,881.00 | 35,778.00 | 36,095.00 | 36,992.00 |
| Fibonacci | 33,570.33 | 34,034.08 | 34,320.59 | 34,784.33 | 35,248.08 | 35,534.59 | 35,998.33 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.53 | |
| MACD (12,26,9): | 190.9400 | |
| Directional Movement: | 5.85 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 34,952.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,015.09 | |
| Elder Ray (13): | 512.35 | |
| Super Trend (3,10): | 34,164.02 | |
| Zig ZAG (10): | 35,493.00 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 97.46 | |
| TEMA (21): | 35,216.38 | |
| Williams %R (14): | -2.69 | |
| Chande Momentum Oscillator (20): | 1,307.00 | |
| Repulse (5,40,3): | 1.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 5.31 |
| MA7: | 35,088.29 | |
| MA20: | 34,581.80 | |
| MA50: | 34,806.42 | |
| MA100: | 34,678.20 | |
| MAexp7: | 35,148.56 | |
| MAexp20: | 34,787.26 | |
| MAexp50: | 34,709.38 | |
| MAexp100: | 34,455.60 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | +1.96% | |
| Price / MA100: | +2.34% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | +2.25% | |
| Price / MAexp100: | +3.00% |
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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