DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 05/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 33,743 USD
My targets
31,998 USD (-3.46%)
30,875 USD (-6.85%)
My analysis
In the short term, we can see an acceleration in the bearish trend on DOW JONES - MINI DJ30 FULL0623, which is a positive signal for sellers. As long as the price remains above 33,743 USD, a sale could be considered. The first bearish objective is located at 31,998 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 30,875 USD as an objective. Crossing it would then enable sellers to target 29,394 USD. If the price were to return above 33,743 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
5.2
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This analysis was given by koenakubheka. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES - MINI DJ30 FULL0623 rating 33,145 USD. The price registered an increase of +0.26% on the session and was traded between 33,062 USD and 33,155 USD over the period. The price is currently at +0.25% from its lowest and -0.03% from its highest.33,062
33,155
33,145
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOW JONES - MINI DJ30 FULL0623 in Daily shows an overall bearish trend. 71.43% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29,394 | 30,875 | 31,998 | 33,145 | 33,227 | 33,743 | 34,197 |
| Change (%) | -11.32% | -6.85% | -3.46% | - | +0.25% | +1.80% | +3.17% |
| Change | -3,751 | -2,270 | -1,147 | - | +82 | +598 | +1,052 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 32,564 | 32,798 | 32,929 | 33,163 | 33,294 | 33,528 | 33,659 |
| Camarilla | 32,960 | 32,993 | 33,027 | 33,060 | 33,093 | 33,127 | 33,160 |
| Woodie | 32,513 | 32,772 | 32,878 | 33,137 | 33,243 | 33,502 | 33,608 |
| Fibonacci | 32,798 | 32,937 | 33,024 | 33,163 | 33,302 | 33,389 | 33,528 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,370 | 32,766 | 33,061 | 33,457 | 33,752 | 34,148 | 34,443 |
| Camarilla | 33,165 | 33,228 | 33,292 | 33,355 | 33,418 | 33,482 | 33,545 |
| Woodie | 32,319 | 32,741 | 33,010 | 33,432 | 33,701 | 34,123 | 34,392 |
| Fibonacci | 32,766 | 33,030 | 33,193 | 33,457 | 33,721 | 33,884 | 34,148 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,529 | 32,938 | 33,545 | 33,954 | 34,561 | 34,970 | 35,577 |
| Camarilla | 33,873 | 33,966 | 34,059 | 34,152 | 34,245 | 34,338 | 34,431 |
| Woodie | 32,628 | 32,988 | 33,644 | 34,004 | 34,660 | 35,020 | 35,676 |
| Fibonacci | 32,938 | 33,326 | 33,566 | 33,954 | 34,342 | 34,582 | 34,970 |
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): | 42.00 | |
| MACD (12,26,9): | -96.0000 | |
| Directional Movement: | -12 | |
| AROON (14): | -22 | |
| DEMA (21): | 33,446 | |
| Parabolic SAR (0,02-0,02-0,2): | 33,932 | |
| Elder Ray (13): | -345 | |
| Super Trend (3,10): | 34,225 | |
| Zig ZAG (10): | 33,140 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 14.00 | |
| TEMA (21): | 33,279 | |
| Williams %R (14): | -90.00 | |
| Chande Momentum Oscillator (20): | -1,017 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.00 |
| MA7: | 33,366 | |
| MA20: | 33,633 | |
| MA50: | 33,313 | |
| MA100: | 33,606 | |
| MAexp7: | 33,325 | |
| MAexp20: | 33,517 | |
| MAexp50: | 33,525 | |
| MAexp100: | 33,479 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -1.37% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -1.11% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | -1.00% |
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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