DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 11/29/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
78%
11%
My opinion
Bearish under 35,528.30 USD
My targets
34,724.00 USD (-1.10%)
33,743.70 USD (-3.89%)
My analysis
The current short-term bearish acceleration registered on DOW JONES - MINI DJ30 FULL1221 should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 35,528.30 USD. Short-term sellers will use the support located at 34,724.00 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 33,743.70 USD. Crossing this support would then open the door for sellers to target 32,306.00 USD. Caution, if there is a return to below 35,528.30 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 FULL1221 rating is 35,110.00 USD. The price has increased by +0.72% since the last closing and was traded between 34,740.00 USD and 35,246.00 USD over the period. The price is currently at +1.07% from its lowest and -0.39% from its highest.34,740.00
35,246.00
35,110.00
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
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 Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Black line without upper shadow
Type : Bearish
Timeframe : Daily
Long black line
Type : Bearish
Timeframe : Daily
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 32,306.00 | 33,743.70 | 34,724.00 | 35,110.00 | 35,528.30 | 36,312.00 |
| Change (%) | -7.99% | -3.89% | -1.10% | - | +1.19% | +3.42% |
| Change | -2,804.00 | -1,366.30 | -386.00 | - | +418.30 | +1,202.00 |
| Level | Minor | Major | Major | - | 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 | 33,202.00 | 33,914.00 | 34,386.00 | 35,098.00 | 35,570.00 | 36,282.00 | 36,754.00 |
| Camarilla | 34,532.40 | 34,640.93 | 34,749.47 | 34,858.00 | 34,966.53 | 35,075.07 | 35,183.60 |
| Woodie | 33,082.00 | 33,854.00 | 34,266.00 | 35,038.00 | 35,450.00 | 36,222.00 | 36,634.00 |
| Fibonacci | 33,914.00 | 34,366.29 | 34,645.71 | 35,098.00 | 35,550.29 | 35,829.71 | 36,282.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,082.00 | 33,854.00 | 34,356.00 | 35,128.00 | 35,630.00 | 36,402.00 | 36,904.00 |
| Camarilla | 34,507.65 | 34,624.43 | 34,741.22 | 34,858.00 | 34,974.78 | 35,091.57 | 35,208.35 |
| Woodie | 32,947.00 | 33,786.50 | 34,221.00 | 35,060.50 | 35,495.00 | 36,334.50 | 36,769.00 |
| Fibonacci | 33,854.00 | 34,340.67 | 34,641.33 | 35,128.00 | 35,614.67 | 35,915.33 | 36,402.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,147.00 | 32,914.00 | 34,357.00 | 35,124.00 | 36,567.00 | 37,334.00 | 38,777.00 |
| Camarilla | 35,192.25 | 35,394.83 | 35,597.42 | 35,800.00 | 36,002.58 | 36,205.17 | 36,407.75 |
| Woodie | 32,485.00 | 33,083.00 | 34,695.00 | 35,293.00 | 36,905.00 | 37,503.00 | 39,115.00 |
| Fibonacci | 32,914.00 | 33,758.22 | 34,279.78 | 35,124.00 | 35,968.22 | 36,489.78 | 37,334.00 |
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): | 38.24 | |
| MACD (12,26,9): | -22.5200 | |
| Directional Movement: | -20.59 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 35,657.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 35,900.00 | |
| Elder Ray (13): | -576.44 | |
| Super Trend (3,10): | 36,214.69 | |
| Zig ZAG (10): | 35,021.00 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 25.37 | |
| TEMA (21): | 35,444.57 | |
| Williams %R (14): | -75.02 | |
| Chande Momentum Oscillator (20): | -793.00 | |
| Repulse (5,40,3): | -1.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.28 |
| MA7: | 35,475.71 | |
| MA20: | 35,829.55 | |
| MA50: | 35,202.10 | |
| MA100: | 35,080.29 | |
| MAexp7: | 35,420.92 | |
| MAexp20: | 35,600.61 | |
| MAexp50: | 35,389.95 | |
| MAexp100: | 35,016.09 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -2.01% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -1.38% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | +0.27% |
Quotes :
-
10 min delayed data
-
CBOT E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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