Dow Jones (INDU) Up 0.09%; in an Uptrend Over Past 14 Days

The Hourly View for INDU

Last Updated February 23, 2021, 23:18 GMT

At the time of this writing, Dow Jones’s price is up 12.02 (0.04%) from the hour prior. Dow Jones has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Of note is that the 50 hour changed directions on INDU; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Dow Jones Daily Price Recap

The back and forth price flow continues for Dow Jones, which started today off at 31521.69 US dollars, up 0.09% (27.37) from the previous day. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 2nd for the day in terms of price change relative to the previous day. Here is a daily price chart of Dow Jones.

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 10 days Dow Jones’s price has gone up 6 them.