DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 12/06/2023 (GMT)
- 66
- 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 : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 35,731 USD
My targets
37,755 USD (+4.12%)
My analysis
The bullish trend is currently very strong on DOW JONES - MINI DJ30 FULL1223. As long as the price remains above the support at 35,731 USD, you could try to benefit from the boom. The first bullish objective is located at 37,755 USD. The bullish momentum would be boosted by a break in this resistance. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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 MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL1223 price is 36,262 USD. The price registered an increase of +0.20% on the session with the lowest point at 36,162 USD and the highest point at 36,352 USD. The deviation from the price is +0.28% for the low point and -0.25% for the high point.36,162
36,352
36,262
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this DOW JONES - MINI DJ30 FULL1223 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 34,817 | 35,731 | 36,084 | 36,262 | 37,755 |
| Change (%) | -3.98% | -1.46% | -0.49% | - | +4.12% |
| Change | -1,445 | -531 | -178 | - | +1,493 |
| Level | Intermediate | Major | Intermediate | - | Intermediate |
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 | 35,904 | 35,985 | 36,087 | 36,168 | 36,270 | 36,351 | 36,453 |
| Camarilla | 36,139 | 36,155 | 36,172 | 36,189 | 36,206 | 36,223 | 36,239 |
| Woodie | 35,915 | 35,990 | 36,098 | 36,173 | 36,281 | 36,356 | 36,464 |
| Fibonacci | 35,985 | 36,055 | 36,098 | 36,168 | 36,238 | 36,281 | 36,351 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,610 | 34,962 | 35,633 | 35,985 | 36,656 | 37,008 | 37,679 |
| Camarilla | 36,022 | 36,115 | 36,209 | 36,303 | 36,397 | 36,491 | 36,584 |
| Woodie | 34,769 | 35,042 | 35,792 | 36,065 | 36,815 | 37,088 | 37,838 |
| Fibonacci | 34,962 | 35,353 | 35,595 | 35,985 | 36,376 | 36,618 | 37,008 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31,315 | 32,326 | 34,315 | 35,326 | 37,315 | 38,326 | 40,315 |
| Camarilla | 35,478 | 35,753 | 36,028 | 36,303 | 36,578 | 36,853 | 37,128 |
| Woodie | 31,803 | 32,571 | 34,803 | 35,571 | 37,803 | 38,571 | 40,803 |
| Fibonacci | 32,326 | 33,472 | 34,180 | 35,326 | 36,472 | 37,180 | 38,326 |
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): | 77.00 | |
| MACD (12,26,9): | 564.0000 | |
| Directional Movement: | 28 | |
| AROON (14): | 79 | |
| DEMA (21): | 36,098 | |
| Parabolic SAR (0,02-0,02-0,2): | 35,842 | |
| Elder Ray (13): | 533 | |
| Super Trend (3,10): | 35,442 | |
| Zig ZAG (10): | 36,324 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 95.00 | |
| TEMA (21): | 36,448 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1,120 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.00 |
| MA7: | 36,002 | |
| MA20: | 35,323 | |
| MA50: | 34,287 | |
| MA100: | 34,728 | |
| MAexp7: | 36,025 | |
| MAexp20: | 35,391 | |
| MAexp50: | 34,798 | |
| MAexp100: | 34,637 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +2.66% | |
| Price / MA50: | +5.76% | |
| Price / MA100: | +4.42% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +2.46% | |
| Price / MAexp50: | +4.21% | |
| Price / MAexp100: | +4.69% |
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 - Daily