DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 06/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 33,251 USD
My targets
32,728 USD (-0.63%)
32,490 USD (-1.36%)
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 33,251 USD, a sale could be considered. The first bearish objective is located at 32,728 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 32,490 USD as an objective. Crossing it would then enable sellers to target 32,212 USD. If the price were to return above 33,251 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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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 32,937 USD. The price is lower by -0.86% since the last closing and was between 32,842 USD and 33,317 USD. This implies that the price is at +0.29% from its lowest and at -1.14% from its highest.32,842
33,317
32,937
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DOW JONES - MINI DJ30 FULL0622 chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32,212 | 32,490 | 32,728 | 32,937 | 33,251 | 33,522 | 34,701 |
| Change (%) | -2.20% | -1.36% | -0.63% | - | +0.95% | +1.78% | +5.36% |
| Change | -725 | -447 | -209 | - | +314 | +585 | +1,764 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
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 | 31,950 | 32,220 | 32,722 | 32,992 | 33,494 | 33,764 | 34,266 |
| Camarilla | 33,011 | 33,081 | 33,152 | 33,223 | 33,294 | 33,365 | 33,435 |
| Woodie | 32,065 | 32,278 | 32,837 | 33,050 | 33,609 | 33,822 | 34,381 |
| Fibonacci | 32,220 | 32,515 | 32,697 | 32,992 | 33,287 | 33,469 | 33,764 |
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 | 27,471 | 29,028 | 30,913 | 32,470 | 34,355 | 35,912 | 37,797 |
| Camarilla | 31,851 | 32,167 | 32,482 | 32,798 | 33,114 | 33,429 | 33,745 |
| Woodie | 27,635 | 29,110 | 31,077 | 32,552 | 34,519 | 35,994 | 37,961 |
| Fibonacci | 29,028 | 30,343 | 31,155 | 32,470 | 33,785 | 34,597 | 35,912 |
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): | 39.00 | |
| MACD (12,26,9): | -3.0000 | |
| Directional Movement: | -6 | |
| AROON (14): | -64 | |
| DEMA (21): | 33,099 | |
| Parabolic SAR (0,02-0,02-0,2): | 33,191 | |
| Elder Ray (13): | -168 | |
| Super Trend (3,10): | 33,238 | |
| Zig ZAG (10): | 32,928 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 22.00 | |
| TEMA (21): | 33,054 | |
| Williams %R (14): | -81.00 | |
| Chande Momentum Oscillator (20): | -312 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 32,993 | |
| MA20: | 32,256 | |
| MA50: | 33,398 | |
| MA100: | 33,785 | |
| MAexp7: | 33,027 | |
| MAexp20: | 33,080 | |
| MAexp50: | 33,040 | |
| MAexp100: | 32,940 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +2.11% | |
| Price / MA50: | -1.38% | |
| Price / MA100: | -2.51% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | -0.01% |
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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