DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 01/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 38,380 USD
My targets
38,914 USD (+0.62%)
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 FULL0324 as long as the price remains well above 38,380 USD. The buyers' bullish objective is set at 38,914 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.
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
8.2
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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES - MINI DJ30 FULL0324 rating 38,676 USD. On the day, this instrument gained +0.17% and was traded between 38,568 USD and 38,685 USD over the period. The price is currently at +0.28% from its lowest and -0.02% from its highest.38,568
38,685
38,676
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:
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 1H chart of DOW JONES - MINI DJ30 FULL0324 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 38,106 | 38,212 | 38,380 | 38,676 |
| Change (%) | -1.47% | -1.20% | -0.77% | - |
| Change | -570 | -464 | -296 | - |
| Level | Major | Intermediate | Major | - |
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 | 38,193 | 38,289 | 38,451 | 38,547 | 38,709 | 38,805 | 38,967 |
| Camarilla | 38,541 | 38,565 | 38,588 | 38,612 | 38,636 | 38,659 | 38,683 |
| Woodie | 38,225 | 38,306 | 38,483 | 38,564 | 38,741 | 38,822 | 38,999 |
| Fibonacci | 38,289 | 38,388 | 38,449 | 38,547 | 38,646 | 38,707 | 38,805 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,525 | 37,718 | 37,988 | 38,181 | 38,451 | 38,644 | 38,914 |
| Camarilla | 38,131 | 38,173 | 38,216 | 38,258 | 38,300 | 38,343 | 38,385 |
| Woodie | 37,564 | 37,737 | 38,027 | 38,200 | 38,490 | 38,663 | 38,953 |
| Fibonacci | 37,718 | 37,895 | 38,004 | 38,181 | 38,358 | 38,467 | 38,644 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35,166 | 35,766 | 36,889 | 37,489 | 38,612 | 39,212 | 40,335 |
| Camarilla | 37,538 | 37,696 | 37,854 | 38,012 | 38,170 | 38,328 | 38,486 |
| Woodie | 35,428 | 35,897 | 37,151 | 37,620 | 38,874 | 39,343 | 40,597 |
| Fibonacci | 35,766 | 36,424 | 36,831 | 37,489 | 38,147 | 38,554 | 39,212 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.00 | |
| MACD (12,26,9): | 56.0000 | |
| Directional Movement: | 19 | |
| AROON (14): | 72 | |
| DEMA (21): | 38,672 | |
| Parabolic SAR (0,02-0,02-0,2): | 38,590 | |
| Elder Ray (13): | 40 | |
| Super Trend (3,10): | 38,545 | |
| Zig ZAG (10): | 38,659 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 73.00 | |
| TEMA (21): | 38,671 | |
| Williams %R (14): | -18.00 | |
| Chande Momentum Oscillator (20): | 63 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 38,329 | |
| MA20: | 37,989 | |
| MA50: | 37,367 | |
| MA100: | 35,867 | |
| MAexp7: | 38,643 | |
| MAexp20: | 38,594 | |
| MAexp50: | 38,480 | |
| MAexp100: | 38,346 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | +3.50% | |
| Price / MA100: | +7.83% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.86% |
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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