MICRO E-MINI DJ30 FULL0325 - 1H - Technical analysis published on 11/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 44,018 USD
My targets
43,411 USD (-0.40%)
42,417 USD (-2.68%)
My analysis
MICRO E-MINI DJ30 FULL1224 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 44,018 USD. The next support located at 43,411 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 42,417 USD. Below this support, sellers could then target 41,923 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by winewa8300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI DJ30 FULL1224 rating 43,586 USD. The price is lower by -0.72% since the last closing and was between 43,477 USD and 43,907 USD. This implies that the price is at +0.25% from its lowest and at -0.73% from its highest.43,477
43,907
43,586
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:
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
Technical analysis of MICRO E-MINI DJ30 FULL1224 in 1H 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 does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 41,923 | 42,417 | 43,518 | 43,586 | 44,018 | 44,266 | 44,626 |
| Change (%) | -3.82% | -2.68% | -0.16% | - | +0.99% | +1.56% | +2.39% |
| Change | -1,663 | -1,169 | -68 | - | +432 | +680 | +1,040 |
| Level | Major | Minor | Major | - | Major | Minor | 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 | 43,288 | 43,552 | 43,727 | 43,991 | 44,166 | 44,430 | 44,605 |
| Camarilla | 43,780 | 43,821 | 43,861 | 43,901 | 43,941 | 43,981 | 44,022 |
| Woodie | 43,243 | 43,530 | 43,682 | 43,969 | 44,121 | 44,408 | 44,560 |
| Fibonacci | 43,552 | 43,720 | 43,824 | 43,991 | 44,159 | 44,263 | 44,430 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40,014 | 40,903 | 42,522 | 43,411 | 45,030 | 45,919 | 47,538 |
| Camarilla | 43,451 | 43,681 | 43,911 | 44,141 | 44,371 | 44,601 | 44,831 |
| Woodie | 40,379 | 41,086 | 42,887 | 43,594 | 45,395 | 46,102 | 47,903 |
| Fibonacci | 40,903 | 41,861 | 42,453 | 43,411 | 44,369 | 44,961 | 45,919 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39,820 | 40,846 | 41,528 | 42,554 | 43,236 | 44,262 | 44,944 |
| Camarilla | 41,739 | 41,896 | 42,052 | 42,209 | 42,366 | 42,522 | 42,679 |
| Woodie | 39,647 | 40,760 | 41,355 | 42,468 | 43,063 | 44,176 | 44,771 |
| Fibonacci | 40,846 | 41,499 | 41,902 | 42,554 | 43,207 | 43,610 | 44,262 |
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): | 33.00 | |
| MACD (12,26,9): | -103.0000 | |
| Directional Movement: | -14 | |
| AROON (14): | -29 | |
| DEMA (21): | 43,549 | |
| Parabolic SAR (0,02-0,02-0,2): | 43,731 | |
| Elder Ray (13): | -50 | |
| Super Trend (3,10): | 43,791 | |
| Zig ZAG (10): | 43,597 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 43,527 | |
| Williams %R (14): | -61.00 | |
| Chande Momentum Oscillator (20): | -86 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 44,024 | |
| MA20: | 43,096 | |
| MA50: | 42,704 | |
| MA100: | 41,774 | |
| MAexp7: | 43,585 | |
| MAexp20: | 43,683 | |
| MAexp50: | 43,844 | |
| MAexp100: | 43,893 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | +2.07% | |
| Price / MA100: | +4.34% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | -0.70% |
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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