DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 07/28/2023 (GMT)
- 116
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 35,404 USD
My targets
35,693 USD (+0.33%)
35,843 USD (+0.75%)
My analysis
A bullish trend on DOW JONES - MINI DJ30 FULL0923 both in substance and in the short term. A purchase could be considered as long as the price remains above 35,404 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 35,693 USD. Then the price could move towards 35,843 USD. Then 37,428 USD by extension. Be careful, a return below 35,404 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0923 rating is 35,576 USD. The price registered an increase of +0.41% on the session with the lowest point at 35,376 USD and the highest point at 35,645 USD. The deviation from the price is +0.57% for the low point and -0.19% for the high point.35,376
35,645
35,576
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DOW JONES - MINI DJ30 FULL0923 in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 this bullish pattern in Japanese candlesticks:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35,170 | 35,404 | 35,548 | 35,576 | 35,693 | 35,843 | 37,428 |
| Change (%) | -1.14% | -0.48% | -0.08% | - | +0.33% | +0.75% | +5.21% |
| Change | -406 | -172 | -28 | - | +117 | +267 | +1,852 |
| Level | Minor | Major | Major | - | Minor | 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 | 34,740 | 35,043 | 35,237 | 35,540 | 35,734 | 36,037 | 36,231 |
| Camarilla | 35,294 | 35,340 | 35,385 | 35,431 | 35,477 | 35,522 | 35,568 |
| Woodie | 34,686 | 35,016 | 35,183 | 35,513 | 35,680 | 36,010 | 36,177 |
| Fibonacci | 35,043 | 35,233 | 35,350 | 35,540 | 35,730 | 35,847 | 36,037 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,833 | 34,207 | 34,802 | 35,176 | 35,771 | 36,145 | 36,740 |
| Camarilla | 35,132 | 35,220 | 35,309 | 35,398 | 35,487 | 35,576 | 35,664 |
| Woodie | 33,945 | 34,262 | 34,914 | 35,231 | 35,883 | 36,200 | 36,852 |
| Fibonacci | 34,207 | 34,577 | 34,806 | 35,176 | 35,546 | 35,775 | 36,145 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32,270 | 32,842 | 33,743 | 34,315 | 35,216 | 35,788 | 36,689 |
| Camarilla | 34,238 | 34,373 | 34,508 | 34,643 | 34,778 | 34,913 | 35,048 |
| Woodie | 32,434 | 32,924 | 33,907 | 34,397 | 35,380 | 35,870 | 36,853 |
| Fibonacci | 32,842 | 33,405 | 33,753 | 34,315 | 34,878 | 35,226 | 35,788 |
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): | 58.00 | |
| MACD (12,26,9): | -7.0000 | |
| Directional Movement: | 10 | |
| AROON (14): | 64 | |
| DEMA (21): | 35,524 | |
| Parabolic SAR (0,02-0,02-0,2): | 35,423 | |
| Elder Ray (13): | 49 | |
| Super Trend (3,10): | 35,640 | |
| Zig ZAG (10): | 35,605 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 85.00 | |
| TEMA (21): | 35,535 | |
| Williams %R (14): | -13.00 | |
| Chande Momentum Oscillator (20): | 157 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 35,529 | |
| MA20: | 34,905 | |
| MA50: | 34,356 | |
| MA100: | 34,010 | |
| MAexp7: | 35,558 | |
| MAexp20: | 35,544 | |
| MAexp50: | 35,566 | |
| MAexp100: | 35,529 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +1.92% | |
| Price / MA50: | +3.55% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.14% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DOW JONES - MINI DJ30 FULL0624 - 1H