Dow Jones (INDU) 3 Day Up Streak Snapped; in an Uptrend Over Past 90 Days
The Hourly View for INDU
Last Updated December 30, 2020, 07:019 GMT
At the time of this writing, Dow Jones’s price is down -5.07 (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Dow Jones Daily price Recap
The end of a 3 day positive run has come for Dow Jones, which finished the day prior down 0.22% (68.3). Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 13th for the day in terms of price change relative to the day prior. Here is a daily price chart of Dow Jones.
Dow Jones Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 16 out of the past 30 days.
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