The Hourly View for INDU
Last Updated March 1, 2021, 01:012 GMT
At the moment, INDU’s price is up 27.03 (0.09%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as INDU has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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
Dow Jones came into today down 1.5% (469.64) from the open of yesterday, marking the 2nd consecutive day a decrease has occurred. Relative to other instruments in the equity indices asset class, Dow Jones ranked 8th since yesterday in terms of percentage price change. Below is a daily price chart of Dow Jones.
Dow Jones Technical Analysis
Notably, Dow Jones crossed below its 20 day moving average yesterday. Volatility for Dow Jones has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 6 out of the past 10 days.
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