Dow Jones (INDU) Up 0.14%; in an Uptrend Over Past 90 Days

The Hourly View for INDU

Last Updated May 31, 2021, 02:018 GMT

Currently, Dow Jones’s price is down -9.01 (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

Dow Jones closed the previous day up 0.14% (48.75); this denotes the 4th day in a row an upward move has occurred. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 10th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Dow Jones.

INDU

Dow Jones Technical Analysis

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. Or to view things another way, note that out of the past 14 days Dow Jones’s price has gone up 9 them.