Free Dow Jones Australia Index (DJAU) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
06 Nov / Daily
Category/Currency
Indexes/AUD
Exchange/Country
DJI/--

Dow Jones Australia Index (DJAU) signal with technical analysis on 06 Nov

On 06 Nov, we conducted a comprehensive technical analysis of Dow Jones Australia Index (DJAU), considering 256 signals with intricate details. Here are the key findings: 18 signals suggested buy strategies, while 133 indicated sell strategies. The remaining 105 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 4
Sell Signals: 31
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 8
Sell Signals: 31
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 3
Sell Signals: 36
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 3
Sell Signals: 35
Neutral Signals: 26
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 18
Sell Signals: 133
Neutral Signals: 105
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Dow Jones Australia Index (DJAU) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Dow Jones Australia Index (DJAU) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Dow Jones Australia Index (DJAU) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Dow Jones Australia Index (DJAU) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 8.85% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Dow Jones Australia Index (DJAU)** holdings.

Dow Jones Australia Index (DJAU) Price Analysis and Support Levels:

In our current Dow Jones Australia Index (DJAU) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 525.06 We are closely monitoring the price at the first support level of 525.06, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 514 If the first support level at 525.06 is broken, the second support level at 514 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 466.28 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 466.28 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Dow Jones Australia Index (DJAU). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Dow Jones Australia Index (DJAU) technical analysis chart

Dow Jones Australia Index (DJAU) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 525.06 514 466.28 -- --
 Dow Jones Australia Index (DJAU) Support and Resistance area (06 Nov)

Dow Jones Australia Index (DJAU) signals list for 06 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Dow Jones Australia Index (DJAU) candlestick patterns on 06 Nov

Today's Dow Jones Australia Index (DJAU) Candle Patterns List:

Belt-hold Dark Cloud Cover

Dow Jones Australia Index (DJAU) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Nov Hold HoldHoldHoldHold
2 04 Nov Hold HoldHoldHoldHold
3 01 Nov Hold HoldHoldHoldHold
4 31 Oct Hold HoldHoldHoldHold
5 30 Oct Sell SellHoldSellSell
6 29 Oct Buy BuyHoldNeutralNeutral
7 28 Oct Sell HoldHoldSellNeutral
8 25 Oct Hold HoldHoldNeutralNeutral
9 24 Oct Hold HoldHoldNeutralNeutral
10 23 Oct Hold HoldHoldNeutralNeutral
11 22 Oct Sell SellSellNeutralNeutral
12 21 Oct Buy BuyHoldHoldHold
13 18 Oct Hold NeutralHoldHoldHold
14 17 Oct Hold HoldHoldHoldHold
15 16 Oct Hold HoldHoldHoldHold
16 15 Oct Hold HoldHoldHoldHold
17 14 Oct Buy HoldBuyBuyBuy
18 11 Oct Neutral HoldNeutralNeutralNeutral
19 10 Oct Buy BuyNeutralHoldHold
20 09 Oct Buy NeutralNeutralBuyBuy
21 08 Oct Hold HoldNeutralNeutralNeutral
22 07 Oct Buy HoldNeutralBuyNeutral
23 04 Oct Sell SellSellNeutralNeutral
24 03 Oct Hold NeutralHoldHoldHold
25 02 Oct Hold NeutralHoldHoldHold
26 01 Oct Hold NeutralHoldHoldHold
27 30 Sep Hold HoldHoldHoldHold
28 27 Sep Hold HoldHoldHoldHold
29 26 Sep Buy BuyBuyHoldHold
30 25 Sep Sell SellNeutralHoldHold

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