DOW JONES - MINI DJ30 FULL0325 - 1H - Technical analysis published on 05/27/2024 (GMT)
- 117
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
50%
44%
My opinion
Bearish under 39,622 USD
My targets
38,537 USD (-1.50%)
37,991 USD (-2.89%)
My analysis
DOW JONES - MINI DJ30 FULL0624 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 39,622 USD. The next support located at 38,537 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 37,991 USD. Below this support, sellers could then target 36,795 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 confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by fareszeyad. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOW JONES - MINI DJ30 FULL0624 price is 39,123 USD. The price registered a decrease of -0.09% on the session and was traded between 39,095 USD and 39,169 USD over the period. The price is currently at +0.07% from its lowest and -0.12% from its highest.39,095
39,169
39,123
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DOW JONES - MINI DJ30 FULL0624 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. 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, only 9 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 | 37,991 | 38,537 | 39,117 | 39,123 | 39,622 | 39,910 | 40,033 |
| Change (%) | -2.89% | -1.50% | -0.02% | - | +1.28% | +2.01% | +2.33% |
| Change | -1,132 | -586 | -6 | - | +499 | +787 | +910 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 38,860 | 38,982 | 39,070 | 39,192 | 39,280 | 39,402 | 39,490 |
| Camarilla | 39,099 | 39,119 | 39,138 | 39,157 | 39,176 | 39,196 | 39,215 |
| Woodie | 38,842 | 38,974 | 39,052 | 39,184 | 39,262 | 39,394 | 39,472 |
| Fibonacci | 38,982 | 39,063 | 39,112 | 39,192 | 39,273 | 39,322 | 39,402 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,662 | 38,384 | 38,770 | 39,492 | 39,878 | 40,600 | 40,986 |
| Camarilla | 38,852 | 38,954 | 39,055 | 39,157 | 39,259 | 39,360 | 39,462 |
| Woodie | 37,495 | 38,300 | 38,603 | 39,408 | 39,711 | 40,516 | 40,819 |
| Fibonacci | 38,384 | 38,807 | 39,068 | 39,492 | 39,915 | 40,176 | 40,600 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,744 | 36,104 | 37,086 | 38,446 | 39,428 | 40,788 | 41,770 |
| Camarilla | 37,425 | 37,640 | 37,854 | 38,069 | 38,284 | 38,498 | 38,713 |
| Woodie | 34,556 | 36,010 | 36,898 | 38,352 | 39,240 | 40,694 | 41,582 |
| Fibonacci | 36,104 | 36,998 | 37,551 | 38,446 | 39,340 | 39,893 | 40,788 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.00 | |
| MACD (12,26,9): | -47.0000 | |
| Directional Movement: | -13 | |
| AROON (14): | -57 | |
| DEMA (21): | 39,091 | |
| Parabolic SAR (0,02-0,02-0,2): | 39,251 | |
| Elder Ray (13): | -19 | |
| Super Trend (3,10): | 39,250 | |
| Zig ZAG (10): | 39,125 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 20.00 | |
| TEMA (21): | 39,128 | |
| Williams %R (14): | -79.00 | |
| Chande Momentum Oscillator (20): | -23 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 39,616 | |
| MA20: | 39,314 | |
| MA50: | 39,146 | |
| MA100: | 39,051 | |
| MAexp7: | 39,133 | |
| MAexp20: | 39,165 | |
| MAexp50: | 39,314 | |
| MAexp100: | 39,507 | |
| Price / MA7: | -1.24% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | +0.18% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.97% |
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
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DOW JONES - MINI DJ30 FULL0325 - 1H