MINI DJ30 FULL0624 (NO GLOBEX) - 15 min. - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 15 min.
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- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 27,591.00 USD
My targets
27,146.00 USD (-1.29%)
26,864.00 USD (-2.31%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DOW JONES (MINI DJ30 FULL1220 (NO GLOBEX)) as long as the price remains well below 27,591.00 USD. The sellers” bearish objective is set at 27,146.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26,864.00 USD. In case of crossing, the next objective would be the support located at 26,419.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
5
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOW JONES (MINI DJ30 FULL1220 (NO GLOBEX)) rating 27,500.00 USD. The price is lower by -0.19% since the last closing and was between 27,318.00 USD and 27,709.00 USD. This implies that the price is at +0.67% from its lowest and at -0.75% from its highest.27,318.00
27,709.00
27,500.00
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOW JONES (MINI DJ30 FULL1220 (NO GLOBEX)) in 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25,175.00 | 26,874.00 | 27,438.40 | 27,500.00 | 27,910.80 | 28,236.00 | 28,692.00 |
| Change (%) | -8.45% | -2.28% | -0.22% | - | +1.49% | +2.68% | +4.33% |
| Change | -2,325.00 | -626.00 | -61.60 | - | +410.80 | +736.00 | +1,192.00 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
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 | 26,419.00 | 26,864.00 | 27,146.00 | 27,591.00 | 27,873.00 | 28,318.00 | 28,600.00 |
| Camarilla | 27,228.08 | 27,294.72 | 27,361.36 | 27,428.00 | 27,494.64 | 27,561.28 | 27,627.93 |
| Woodie | 26,337.50 | 26,823.25 | 27,064.50 | 27,550.25 | 27,791.50 | 28,277.25 | 28,518.50 |
| Fibonacci | 26,864.00 | 27,141.71 | 27,313.29 | 27,591.00 | 27,868.71 | 28,040.29 | 28,318.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,761.33 | 26,640.67 | 27,298.33 | 28,177.67 | 28,835.33 | 29,714.67 | 30,372.33 |
| Camarilla | 27,533.33 | 27,674.22 | 27,815.11 | 27,956.00 | 28,096.89 | 28,237.78 | 28,378.68 |
| Woodie | 25,650.50 | 26,585.25 | 27,187.50 | 28,122.25 | 28,724.50 | 29,659.25 | 30,261.50 |
| Fibonacci | 26,640.67 | 27,227.80 | 27,590.53 | 28,177.67 | 28,764.80 | 29,127.53 | 29,714.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,739.00 | 25,519.00 | 27,009.00 | 27,789.00 | 29,279.00 | 30,059.00 | 31,549.00 |
| Camarilla | 27,874.75 | 28,082.83 | 28,290.92 | 28,499.00 | 28,707.08 | 28,915.17 | 29,123.25 |
| Woodie | 25,094.00 | 25,696.50 | 27,364.00 | 27,966.50 | 29,634.00 | 30,236.50 | 31,904.00 |
| Fibonacci | 25,519.00 | 26,386.14 | 26,921.86 | 27,789.00 | 28,656.14 | 29,191.86 | 30,059.00 |
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): | 48.05 | |
| MACD (12,26,9): | -14.1400 | |
| Directional Movement: | -6.00 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 27,488.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 27,402.37 | |
| Elder Ray (13): | 5.56 | |
| Super Trend (3,10): | 27,688.04 | |
| Zig ZAG (10): | 27,500.00 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 64.42 | |
| TEMA (21): | 27,515.66 | |
| Williams %R (14): | -44.85 | |
| Chande Momentum Oscillator (20): | 87.00 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.19 |
| MA7: | 27,771.86 | |
| MA20: | 27,969.10 | |
| MA50: | 27,122.04 | |
| MA100: | 25,993.78 | |
| MAexp7: | 27,519.15 | |
| MAexp20: | 27,515.86 | |
| MAexp50: | 27,579.85 | |
| MAexp100: | 27,686.12 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +5.79% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.67% |
Quotes :
2020-09-11 20:14:58
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15 min delayed data
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CBOT E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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