The Hourly View for INDU
Last Updated May 14, 2021, 00:019 GMT
Currently, Dow Jones’s price is up 34.09 (0.1%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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
Dow Jones is down 1.99% (681.5) since the day prior, marking the 3rd consecutive day a decrease has occurred. Relative to other instruments in the equity indices asset class, Dow Jones ranked 11th since the day prior in terms of percentage price change. Here is a daily price chart of Dow Jones.
Dow Jones Technical Analysis
First things first: Dow Jones crossed below its 20 day moving average yesterday. 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 Dow Jones’s price has gone up 8 of the previous 14 trading days.