DOW JONES - MINI DJ30 FULL0624 - 15 min. - Technical analysis published on 04/12/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 34,248 USD
My targets
33,913 USD (-0.77%)
33,668 USD (-1.49%)
My analysis
The bearish trend is currently very strong for DOW JONES - MINI DJ30 FULL0622. As long as the price remains below the resistance at 34,248 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 33,913 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 33,668 USD as an objective. Crossing it would then enable sellers to target 33,333 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
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
4.6
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES - MINI DJ30 FULL0622 rating 34,176 USD. The price registered an increase of +0.11% on the session with the lowest point at 34,151 USD and the highest point at 34,189 USD. The deviation from the price is +0.07% for the low point and -0.04% for the high point.34,151
34,189
34,176
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of DOW JONES - MINI DJ30 FULL0622 indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32,954 | 33,522 | 34,093 | 34,176 | 34,530 | 34,815 | 35,017 |
| Change (%) | -3.58% | -1.91% | -0.24% | - | +1.04% | +1.87% | +2.46% |
| Change | -1,222 | -654 | -83 | - | +354 | +639 | +841 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,333 | 33,668 | 33,913 | 34,248 | 34,493 | 34,828 | 35,073 |
| Camarilla | 34,000 | 34,053 | 34,106 | 34,159 | 34,212 | 34,265 | 34,319 |
| Woodie | 33,289 | 33,646 | 33,869 | 34,226 | 34,449 | 34,806 | 35,029 |
| Fibonacci | 33,668 | 33,889 | 34,026 | 34,248 | 34,469 | 34,606 | 34,828 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,210 | 33,652 | 34,132 | 34,574 | 35,054 | 35,496 | 35,976 |
| Camarilla | 34,359 | 34,444 | 34,528 | 34,613 | 34,698 | 34,782 | 34,867 |
| Woodie | 33,230 | 33,662 | 34,152 | 34,584 | 35,074 | 35,506 | 35,996 |
| Fibonacci | 33,652 | 34,004 | 34,221 | 34,574 | 34,926 | 35,143 | 35,496 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,759 | 30,976 | 32,847 | 34,064 | 35,935 | 37,152 | 39,023 |
| Camarilla | 33,869 | 34,152 | 34,435 | 34,718 | 35,001 | 35,284 | 35,567 |
| Woodie | 30,086 | 31,140 | 33,174 | 34,228 | 36,262 | 37,316 | 39,350 |
| Fibonacci | 30,976 | 32,156 | 32,884 | 34,064 | 35,244 | 35,972 | 37,152 |
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): | 44.00 | |
| MACD (12,26,9): | -40.0000 | |
| Directional Movement: | -11 | |
| AROON (14): | -43 | |
| DEMA (21): | 34,138 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,041 | |
| Elder Ray (13): | -6 | |
| Super Trend (3,10): | 34,290 | |
| Zig ZAG (10): | 34,158 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 60.00 | |
| TEMA (21): | 34,110 | |
| Williams %R (14): | -34.00 | |
| Chande Momentum Oscillator (20): | 12 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 34,371 | |
| MA20: | 34,583 | |
| MA50: | 34,149 | |
| MA100: | 34,723 | |
| MAexp7: | 34,161 | |
| MAexp20: | 34,190 | |
| MAexp50: | 34,228 | |
| MAexp100: | 34,258 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | +0.08% | |
| Price / MA100: | -1.58% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.24% |
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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