DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 04/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 34,610 USD
My targets
35,015 USD (+0.68%)
35,189 USD (+1.18%)
My analysis
The bullish trend is currently very strong on DOW JONES - MINI DJ30 FULL0622. As long as the price remains above the support at 34,610 USD, you could try to benefit from the boom. The first bullish objective is located at 35,015 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35,189 USD as an objective. Crossing it would then enable buyers to target 36,107 USD. 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.
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
8.4
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This analysis was given by Gstar99. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES - MINI DJ30 FULL0622 rating 34,780 USD. The price has increased by +1.36% since the last closing with the lowest point at 34,226 USD and the highest point at 34,897 USD. The deviation from the price is +1.62% for the low point and -0.34% for the high point.34,226
34,897
34,780
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW JONES - MINI DJ30 FULL0622:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DOW JONES - MINI DJ30 FULL0622 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34,368 | 34,524 | 34,610 | 34,780 | 34,820 | 35,015 | 35,189 |
| Change (%) | -1.18% | -0.74% | -0.49% | - | +0.12% | +0.68% | +1.18% |
| Change | -412 | -256 | -170 | - | +40 | +235 | +409 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 33,800 | 33,990 | 34,151 | 34,341 | 34,502 | 34,692 | 34,853 |
| Camarilla | 34,216 | 34,249 | 34,281 | 34,313 | 34,345 | 34,377 | 34,410 |
| Woodie | 33,787 | 33,983 | 34,138 | 34,334 | 34,489 | 34,685 | 34,840 |
| Fibonacci | 33,990 | 34,124 | 34,207 | 34,341 | 34,475 | 34,558 | 34,692 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,183 | 33,593 | 33,975 | 34,385 | 34,767 | 35,177 | 35,559 |
| Camarilla | 34,140 | 34,213 | 34,285 | 34,358 | 34,431 | 34,503 | 34,576 |
| Woodie | 33,170 | 33,586 | 33,962 | 34,378 | 34,754 | 35,170 | 35,546 |
| Fibonacci | 33,593 | 33,895 | 34,082 | 34,385 | 34,687 | 34,874 | 35,177 |
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 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): | 68.00 | |
| MACD (12,26,9): | 111.0000 | |
| Directional Movement: | 24 | |
| AROON (14): | 72 | |
| DEMA (21): | 34,695 | |
| Parabolic SAR (0,02-0,02-0,2): | 34,531 | |
| Elder Ray (13): | 166 | |
| Super Trend (3,10): | 34,470 | |
| Zig ZAG (10): | 34,780 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 89.00 | |
| TEMA (21): | 34,781 | |
| Williams %R (14): | -17.00 | |
| Chande Momentum Oscillator (20): | 459 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.00 |
| MA7: | 34,415 | |
| MA20: | 34,600 | |
| MA50: | 34,132 | |
| MA100: | 34,703 | |
| MAexp7: | 34,719 | |
| MAexp20: | 34,569 | |
| MAexp50: | 34,465 | |
| MAexp100: | 34,430 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +1.90% | |
| Price / MA100: | +0.22% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +0.91% | |
| Price / MAexp100: | +1.02% |
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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