DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 06/01/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 32,727 USD
My targets
32,490 USD (-0.40%)
31,925 USD (-2.13%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DOW JONES - MINI DJ30 FULL0622, which is a positive signal for sellers. As long as the price remains above 32,727 USD, a sale could be considered. The first bearish objective is located at 32,490 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 31,925 USD as an objective. Crossing it would then enable sellers to target 31,652 USD. If the price were to return above 32,727 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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
4.8
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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
The DOW JONES - MINI DJ30 FULL0622 price is 32,619 USD. The price registered a decrease of -1.07% on the session and was traded between 32,568 USD and 33,254 USD over the period. The price is currently at +0.16% from its lowest and -1.91% from its highest.32,568
33,254
32,619
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DOW JONES - MINI DJ30 FULL0622 indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
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 | 31,652 | 31,925 | 32,490 | 32,619 | 32,727 | 33,212 | 33,522 |
| Change (%) | -2.96% | -2.13% | -0.40% | - | +0.33% | +1.82% | +2.77% |
| Change | -967 | -694 | -129 | - | +108 | +593 | +903 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,155 | 32,438 | 32,705 | 32,988 | 33,255 | 33,538 | 33,805 |
| Camarilla | 32,820 | 32,870 | 32,921 | 32,971 | 33,021 | 33,072 | 33,122 |
| Woodie | 32,146 | 32,434 | 32,696 | 32,984 | 33,246 | 33,534 | 33,796 |
| Fibonacci | 32,438 | 32,648 | 32,778 | 32,988 | 33,198 | 33,328 | 33,538 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,930 | 30,608 | 31,883 | 32,561 | 33,836 | 34,514 | 35,789 |
| Camarilla | 32,621 | 32,800 | 32,979 | 33,158 | 33,337 | 33,516 | 33,695 |
| Woodie | 30,229 | 30,757 | 32,182 | 32,710 | 34,135 | 34,663 | 36,088 |
| Fibonacci | 30,608 | 31,354 | 31,815 | 32,561 | 33,307 | 33,768 | 34,514 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,404 | 31,112 | 31,997 | 33,705 | 34,590 | 36,298 | 37,183 |
| Camarilla | 32,169 | 32,407 | 32,644 | 32,882 | 33,120 | 33,357 | 33,595 |
| Woodie | 28,993 | 30,906 | 31,586 | 33,499 | 34,179 | 36,092 | 36,772 |
| Fibonacci | 31,112 | 32,103 | 32,714 | 33,705 | 34,696 | 35,307 | 36,298 |
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): | 31.00 | |
| MACD (12,26,9): | -80.0000 | |
| Directional Movement: | -25 | |
| AROON (14): | -21 | |
| DEMA (21): | 32,910 | |
| Parabolic SAR (0,02-0,02-0,2): | 33,214 | |
| Elder Ray (13): | -326 | |
| Super Trend (3,10): | 33,047 | |
| Zig ZAG (10): | 32,653 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 10.00 | |
| TEMA (21): | 32,835 | |
| Williams %R (14): | -87.00 | |
| Chande Momentum Oscillator (20): | -499 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 32,656 | |
| MA20: | 32,226 | |
| MA50: | 33,448 | |
| MA100: | 33,842 | |
| MAexp7: | 32,848 | |
| MAexp20: | 32,991 | |
| MAexp50: | 33,017 | |
| MAexp100: | 32,849 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | -3.61% | |
| Price / MAexp7: | -0.70% | |
| Price / MAexp20: | -1.13% | |
| Price / MAexp50: | -1.21% | |
| Price / MAexp100: | -0.70% |
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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