Dow Jones (INDU) Up 0.09%; in an Uptrend Over Past 90 Days

The Hourly View for INDU

Last Updated February 15, 2021, 23:18 GMT

At the time of this writing, Dow Jones’s price is up 2.01 (0.01%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Dow Jones has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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

31458.4 was the closing price of the day for Dow Jones, resulting in today being one in which price moved up 0.09% ($27.7) from the previous day. Relative to other instruments in the equity indices asset class, Dow Jones ranked 10th since the previous day in terms of percentage price change. The daily price chart of Dow Jones below illustrates.

INDU

Dow Jones Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Dow Jones’s price has gone up 16 them.