DOW JONES - MINI DJ30 FULL0624 - 15 min. - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 38,406 USD
My targets
38,699 USD (+0.35%)
38,863 USD (+0.78%)
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 38,406 USD. The next resistance located at 38,699 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 38,863 USD. After this resistance, buyers could then target 39,622 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.
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
6.8
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This analysis was given by stanleygariseb. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0624 price is 38,564 USD. On the day, this instrument gained +0.32% and was between 38,459 USD and 38,592 USD. This implies that the price is at +0.27% from its lowest and at -0.07% from its highest.38,459
38,592
38,564
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 15 min. chart of DOW JONES - MINI DJ30 FULL0624 indicates that the overall trend is strongly bullish. 82.14% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38,100 | 38,382 | 38,537 | 38,564 | 38,682 | 38,799 | 39,622 |
| Change (%) | -1.20% | -0.47% | -0.07% | - | +0.31% | +0.61% | +2.74% |
| Change | -464 | -182 | -27 | - | +118 | +235 | +1,058 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.00 | |
| MACD (12,26,9): | 9.0000 | |
| Directional Movement: | 9 | |
| AROON (14): | -15 | |
| DEMA (21): | 38,529 | |
| Parabolic SAR (0,02-0,02-0,2): | 38,569 | |
| Elder Ray (13): | 15 | |
| Super Trend (3,10): | 38,440 | |
| Zig ZAG (10): | 38,556 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 73.00 | |
| TEMA (21): | 38,538 | |
| Williams %R (14): | -11.00 | |
| Chande Momentum Oscillator (20): | 55 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 38,481 | |
| MA20: | 38,632 | |
| MA50: | 39,156 | |
| MA100: | 38,787 | |
| MAexp7: | 38,539 | |
| MAexp20: | 38,518 | |
| MAexp50: | 38,511 | |
| MAexp100: | 38,493 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | -1.51% | |
| Price / MA100: | -0.57% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.18% |
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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