DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 03/29/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 39,605 USD
My targets
40,539 USD (+0.90%)
41,304 USD (+2.81%)
My analysis
DOW JONES - MINI DJ30 FULL0624 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 39,605 USD. The next resistance located at 40,539 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 41,304 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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This analysis was given by grmssaing84. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES - MINI DJ30 FULL0624 rating 40,176 USD. The price has increased by +0.00% since the last closing with the lowest point at 40,086 USD and the highest point at 40,240 USD. The deviation from the price is +0.22% for the low point and -0.16% for the high point.40,086
40,240
40,176
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 FULL0624:
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
A technical analysis in Daily of this DOW JONES - MINI DJ30 FULL0624 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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 strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 36,795 | 38,537 | 39,605 | 40,176 | 40,206 |
| Change (%) | -8.42% | -4.08% | -1.42% | - | +0.07% |
| Change | -3,381 | -1,639 | -571 | - | +30 |
| Level | Major | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39,917 | 40,001 | 40,071 | 40,155 | 40,225 | 40,309 | 40,379 |
| Camarilla | 40,098 | 40,112 | 40,126 | 40,140 | 40,154 | 40,168 | 40,182 |
| Woodie | 39,909 | 39,998 | 40,063 | 40,152 | 40,217 | 40,306 | 40,371 |
| Fibonacci | 40,001 | 40,060 | 40,097 | 40,155 | 40,214 | 40,251 | 40,309 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,972 | 38,531 | 39,199 | 39,758 | 40,426 | 40,985 | 41,653 |
| Camarilla | 39,531 | 39,643 | 39,756 | 39,868 | 39,980 | 40,093 | 40,205 |
| Woodie | 38,028 | 38,558 | 39,255 | 39,785 | 40,482 | 41,012 | 41,709 |
| Fibonacci | 38,531 | 38,999 | 39,289 | 39,758 | 40,226 | 40,516 | 40,985 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,560 | 38,043 | 38,808 | 39,291 | 40,056 | 40,539 | 41,304 |
| Camarilla | 39,230 | 39,344 | 39,459 | 39,573 | 39,687 | 39,802 | 39,916 |
| Woodie | 37,701 | 38,114 | 38,949 | 39,362 | 40,197 | 40,610 | 41,445 |
| Fibonacci | 38,043 | 38,520 | 38,814 | 39,291 | 39,768 | 40,062 | 40,539 |
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): | 63.00 | |
| MACD (12,26,9): | 231.0000 | |
| Directional Movement: | 15 | |
| AROON (14): | 57 | |
| DEMA (21): | 39,918 | |
| Parabolic SAR (0,02-0,02-0,2): | 39,202 | |
| Elder Ray (13): | 413 | |
| Super Trend (3,10): | 39,139 | |
| Zig ZAG (10): | 40,140 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 76.00 | |
| TEMA (21): | 39,959 | |
| Williams %R (14): | -13.00 | |
| Chande Momentum Oscillator (20): | 660 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 3.00 |
| MA7: | 39,954 | |
| MA20: | 39,541 | |
| MA50: | 39,250 | |
| MA100: | 38,230 | |
| MAexp7: | 39,898 | |
| MAexp20: | 39,629 | |
| MAexp50: | 39,152 | |
| MAexp100: | 38,328 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +1.61% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +5.09% | |
| Price / MAexp7: | +0.70% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +2.62% | |
| Price / MAexp100: | +4.82% |
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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