Dow Jones (INDU) 6 Day Up Streak Broken; Doji Pattern Appearing on Chart

The Hourly View for INDU

Last Updated February 11, 2021, 00:019 GMT

At the moment, Dow Jones’s price is down -1.01 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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

The end of a 6 day positive run has come for Dow Jones, which finished yesterday down 0.03% (9.93). Relative to other instruments in the equity indices asset class, Dow Jones ranked 7th since yesterday 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 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!