DJI End Of Week Evaluation
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 895.87 points/ticks/pips. Prices are currently 1.9x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 29856.3 and 31272.2.
While in consolidation the trade range may decrease to 553.11 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 29877.2 to 32419.3 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 30594.60 to 31701.90 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 31379
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 895.87 points/ticks/pips. Prices are currently 1.9x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 29856.3 and 31272.2.
While in consolidation the trade range may decrease to 553.11 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 29877.2 to 32419.3 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 30594.60 to 31701.90 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 31379
If strength and attitude continue, it could take between 2 to 4 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 90.00% are bullish, 0.00% are bearish, 10.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
Disclaimer
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