DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 12/06/2023 (GMT)
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- 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 (+4.38%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOW JONES - MINI DJ30 FULL1223 as long as the price remains well above 35,731 USD. The buyers' bullish objective is set at 37,755 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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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 36,170 USD. The price is lower by -0.05% since the last closing and was traded between 36,162 USD and 36,352 USD over the period. The price is currently at +0.02% from its lowest and -0.50% from its highest.36,162
36,352
36,170
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOW JONES - MINI DJ30 FULL1223:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DOW JONES - MINI DJ30 FULL1223 indicates that the overall trend is strongly bullish. 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.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. 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
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 34,817 | 35,731 | 36,084 | 36,170 | 37,755 |
| Change (%) | -3.74% | -1.21% | -0.24% | - | +4.38% |
| Change | -1,353 | -439 | -86 | - | +1,585 |
| Level | Intermediate | Major | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 76.00 | |
| MACD (12,26,9): | 556.0000 | |
| Directional Movement: | 30 | |
| AROON (14): | 100 | |
| DEMA (21): | 36,076 | |
| Parabolic SAR (0,02-0,02-0,2): | 35,842 | |
| Elder Ray (13): | 567 | |
| Super Trend (3,10): | 35,447 | |
| Zig ZAG (10): | 36,180 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 91.00 | |
| TEMA (21): | 36,407 | |
| Williams %R (14): | -13.00 | |
| Chande Momentum Oscillator (20): | 954 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 7.00 |
| MA7: | 35,983 | |
| MA20: | 35,319 | |
| MA50: | 34,285 | |
| MA100: | 34,727 | |
| MAexp7: | 35,992 | |
| MAexp20: | 35,381 | |
| MAexp50: | 34,795 | |
| MAexp100: | 34,635 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +2.41% | |
| Price / MA50: | +5.50% | |
| Price / MA100: | +4.16% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +2.23% | |
| Price / MAexp50: | +3.95% | |
| Price / MAexp100: | +4.43% |
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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