Dow Jones (INDU) Up 0.65%
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The Hourly View for INDU
Last Updated January 4, 2021, 12:19 GMT
At the moment, Dow Jones’s price is down -6.06 (-0.02%) from the hour prior. The hourly chart shows that Dow Jones has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. price action traders may also wish to note that we see a pin bar candlestick pattern on Dow Jones. Given that we see an uptrend on the 20 and 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 previous day up 0.65% (196.92); this denotes the 2nd straight day an increase has occurred. Relative to other instruments in the equity indices asset class, Dow Jones ranked 2nd since the previous day in terms of percentage price change. Let’s take a look at the 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 another vantage point, consider that Dow Jones’s price has gone up 18 of the previous 30 trading days.
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