ASX 200 (AS51) Down 0.86%; in an Uptrend Over Past 90 Days

The Hourly View for AS51

Last Updated February 11, 2021, 00:020 GMT

At the time of this writing, ASX SPI 200’s price is up 22.06 (0.32%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. 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.

ASX 200 Daily Price Recap

6821.2 was the closing price of the day for ASX 200, resulting in today being one in which price moved down 0.86% ($59.5) from the day prior. Relative to other instruments in the equity indices asset class, ASX 200 ranked 13th since the day prior in terms of percentage price change. Below is a daily price chart of ASX 200.

AS51

ASX 200 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 ASX 200’s price has gone down 15 of the previous 30 trading days.