DOW JONES - MINI DJ30 FULL1224

- USD (-)

- 10 min delayed data - CBOT E-mini Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	YMXXXX
ISIN:	YMXXXX

DOW JONES - MINI DJ30 FULL1224 - Daily - Technical analysis published on 06/16/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 40,022 USD

My targets

38,391 USD (-1.58%)

37,195 USD (-4.65%)

My analysis

The bearish trend is currently very strong for DOW JONES - MINI DJ30 FULL0924. As long as the price remains below the resistance at 40,022 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 38,391 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37,195 USD as an objective. Crossing it would then enable sellers to target 36,439 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.2

Comment on the analysis

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 grmssaing84. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DOW JONES - MINI DJ30 FULL0924 price is 39,009 USD. The price registered an increase of +0.86% on the session and was traded between 38,701 USD and 39,068 USD over the period. The price is currently at +0.80% from its lowest and -0.15% from its highest.

38,701

39,068

39,009

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DOW JONES - MINI DJ30 FULL0924:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 FULL0924 in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	37,195	38,391	38,937	39,009	40,022	40,606
Change (%)	-4.65%	-1.58%	-0.18%	-	+2.60%	+4.09%
Change	-1,814	-618	-72	-	+1,013	+1,597
Level	Major	Major	Major	-	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38,417	38,559	38,784	38,926	39,151	39,293	39,518
Camarilla	38,908	38,942	38,975	39,009	39,043	39,076	39,110
Woodie	38,459	38,580	38,826	38,947	39,193	39,314	39,560
Fibonacci	38,559	38,699	38,786	38,926	39,066	39,153	39,293

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37,961	38,347	38,802	39,188	39,643	40,029	40,484
Camarilla	39,026	39,103	39,180	39,257	39,334	39,411	39,488
Woodie	37,996	38,364	38,837	39,205	39,678	40,046	40,519
Fibonacci	38,347	38,668	38,867	39,188	39,509	39,708	40,029

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36,038	37,238	38,214	39,414	40,390	41,590	42,566
Camarilla	38,593	38,792	38,992	39,191	39,390	39,590	39,789
Woodie	35,927	37,182	38,103	39,358	40,279	41,534	42,455
Fibonacci	37,238	38,069	38,582	39,414	40,245	40,758	41,590

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):	42.00
MACD (12,26,9):	-123.0000
Directional Movement:	-9
AROON (14):	-14
DEMA (21):	39,165
Parabolic SAR (0,02-0,02-0,2):	39,593
Elder Ray (13):	-343
Super Trend (3,10):	39,773
Zig ZAG (10):	38,982
VORTEX (21):	1.0000
Stochastique (14,3,5):	48.00
TEMA (21):	39,046
Williams %R (14):	-58.00
Chande Momentum Oscillator (20):	58
Repulse (5,40,3):	0.0000
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	3.00

MA7:	39,192
MA20:	39,381
MA50:	39,285
MA100:	39,512
MAexp7:	39,140
MAexp20:	39,300
MAexp50:	39,377
MAexp100:	39,161
Price / MA7:	-0.47%
Price / MA20:	-0.94%
Price / MA50:	-0.70%
Price / MA100:	-1.27%
Price / MAexp7:	-0.33%
Price / MAexp20:	-0.74%
Price / MAexp50:	-0.93%
Price / MAexp100:	-0.39%

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.

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