Dow Jones (INDU) Up 0.65%; in an Uptrend Over Past 14 Days
The Hourly View for INDU
Last Updated January 1, 2021, 08:018 GMT
Currently, Dow Jones’s price is down -33.15 (-0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. price action traders may also wish to note that we see a doji candlestick pattern on Dow Jones. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Dow Jones Daily price Recap
Dow Jones closed the day prior up 0.65% (196.92); this denotes the 2nd day in a row an upward move has occurred. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 2nd 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
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 10 days.
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