DOW JONES - MINI DJ30 FULL0624 - 1H - Technical analysis published on 04/29/2024 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
11%
39%
50%
My opinion
Bullish above 38,382 USD
My targets
38,682 USD (+0.47%)
38,799 USD (+0.78%)
My analysis
A bullish trend on DOW JONES - MINI DJ30 FULL0624 both in substance and in the short term. A purchase could be considered as long as the price remains above 38,382 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 38,682 USD. Then the price could move towards 38,799 USD. Then 39,622 USD by extension. Be careful, a return below 38,382 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are opposing the general bullish 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
1.6
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Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0624 rating is 38,500 USD. On the day, this instrument gained +0.15% and was traded between 38,459 USD and 38,567 USD over the period. The price is currently at +0.11% from its lowest and -0.17% from its highest.38,459
38,567
38,500
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
Technical
Technical analysis of DOW JONES - MINI DJ30 FULL0624 in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 37,990 | 38,100 | 38,382 | 38,500 | 38,537 | 38,682 | 38,799 |
| Change (%) | -1.32% | -1.04% | -0.31% | - | +0.10% | +0.47% | +0.78% |
| Change | -510 | -400 | -118 | - | +37 | +182 | +299 |
| Level | Major | Minor | Intermediate | - | Major | Minor | 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 | 37,984 | 38,113 | 38,277 | 38,406 | 38,570 | 38,699 | 38,863 |
| Camarilla | 38,360 | 38,387 | 38,414 | 38,441 | 38,468 | 38,495 | 38,522 |
| Woodie | 38,002 | 38,122 | 38,295 | 38,415 | 38,588 | 38,708 | 38,881 |
| Fibonacci | 38,113 | 38,225 | 38,294 | 38,406 | 38,518 | 38,587 | 38,699 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,133 | 37,538 | 37,990 | 38,395 | 38,847 | 39,252 | 39,704 |
| Camarilla | 38,205 | 38,284 | 38,362 | 38,441 | 38,520 | 38,598 | 38,677 |
| Woodie | 37,156 | 37,550 | 38,013 | 38,407 | 38,870 | 39,264 | 39,727 |
| Fibonacci | 37,538 | 37,866 | 38,068 | 38,395 | 38,723 | 38,925 | 39,252 |
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 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): | 50.00 | |
| MACD (12,26,9): | 20.0000 | |
| Directional Movement: | 2 | |
| AROON (14): | -58 | |
| DEMA (21): | 38,518 | |
| Parabolic SAR (0,02-0,02-0,2): | 38,536 | |
| Elder Ray (13): | -11 | |
| Super Trend (3,10): | 38,396 | |
| Zig ZAG (10): | 38,482 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 34.00 | |
| TEMA (21): | 38,525 | |
| Williams %R (14): | -76.00 | |
| Chande Momentum Oscillator (20): | -58 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 38,472 | |
| MA20: | 38,630 | |
| MA50: | 39,155 | |
| MA100: | 38,787 | |
| MAexp7: | 38,497 | |
| MAexp20: | 38,485 | |
| MAexp50: | 38,462 | |
| MAexp100: | 38,446 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -1.67% | |
| Price / MA100: | -0.74% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.14% |
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.
About author
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