DOW JONES - MINI DJ30 FULL0624 - Daily - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 39,622 USD
My targets
36,795 USD (-5.10%)
36,052 USD (-7.02%)
My analysis
The strong short-term decline in DOW JONES - MINI DJ30 FULL0624 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 39,622 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 36,795 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 36,052 USD as an objective. Crossing it would then enable sellers to target 33,274 USD. Be careful, a return to above 39,622 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.8
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This analysis was given by grmssaing84. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0624 price is 38,773 USD. The price registered an increase of +0.11% on the session and was traded between 38,744 USD and 38,774 USD over the period. The price is currently at +0.07% from its lowest and +0.00% from its highest.38,744
38,774
38,773
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
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
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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 36,052 | 36,795 | 38,537 | 38,773 | 39,622 | 40,200 |
| Change (%) | -7.02% | -5.10% | -0.61% | - | +2.19% | +3.68% |
| Change | -2,721 | -1,978 | -236 | - | +849 | +1,427 |
| Level | Intermediate | Major | Major | - | Minor | 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 | 38,116 | 38,294 | 38,524 | 38,702 | 38,932 | 39,110 | 39,340 |
| Camarilla | 38,642 | 38,679 | 38,717 | 38,754 | 38,791 | 38,829 | 38,866 |
| Woodie | 38,142 | 38,307 | 38,550 | 38,715 | 38,958 | 39,123 | 39,366 |
| Fibonacci | 38,294 | 38,450 | 38,546 | 38,702 | 38,858 | 38,954 | 39,110 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,111 | 37,988 | 38,605 | 39,482 | 40,099 | 40,976 | 41,593 |
| Camarilla | 38,812 | 38,949 | 39,086 | 39,223 | 39,360 | 39,497 | 39,634 |
| Woodie | 36,982 | 37,923 | 38,476 | 39,417 | 39,970 | 40,911 | 41,464 |
| Fibonacci | 37,988 | 38,558 | 38,911 | 39,482 | 40,052 | 40,405 | 40,976 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,634 | 38,271 | 39,083 | 39,720 | 40,532 | 41,169 | 41,981 |
| Camarilla | 39,496 | 39,628 | 39,761 | 39,894 | 40,027 | 40,160 | 40,292 |
| Woodie | 37,721 | 38,315 | 39,170 | 39,764 | 40,619 | 41,213 | 42,068 |
| Fibonacci | 38,271 | 38,825 | 39,167 | 39,720 | 40,274 | 40,616 | 41,169 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.00 | |
| MACD (12,26,9): | -105.0000 | |
| Directional Movement: | -16 | |
| AROON (14): | -57 | |
| DEMA (21): | 39,272 | |
| Parabolic SAR (0,02-0,02-0,2): | 39,924 | |
| Elder Ray (13): | -589 | |
| Super Trend (3,10): | 40,015 | |
| Zig ZAG (10): | 38,754 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 13.00 | |
| TEMA (21): | 38,923 | |
| Williams %R (14): | -85.00 | |
| Chande Momentum Oscillator (20): | -927 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 4.00 |
| MA7: | 38,975 | |
| MA20: | 39,496 | |
| MA50: | 39,349 | |
| MA100: | 38,570 | |
| MAexp7: | 39,004 | |
| MAexp20: | 39,340 | |
| MAexp50: | 39,163 | |
| MAexp100: | 38,472 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -1.83% | |
| Price / MA50: | -1.46% | |
| Price / MA100: | +0.53% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -1.44% | |
| Price / MAexp50: | -1.00% | |
| Price / MAexp100: | +0.78% |
Quotes :
-
10 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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