Dow Jones (INDU) Down 0%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for INDU

Last Updated February 23, 2021, 00:018 GMT

At the moment, Dow Jones’s price is down -9.02 (-0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Dow Jones Daily Price Recap

Dow Jones entered today at 31494.32, down 0% ($0.98) from the day prior. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 8th for the day in terms of price change relative to the day prior. 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 15 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.