Dow Jones (INDU) Up 0.71%; in an Uptrend Over Past 90 Days

The Hourly View for INDU

Last Updated April 30, 2021, 03:018 GMT

At the moment, Dow Jones’s price is down -14.04 (-0.04%) from the hour prior. Dow Jones has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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

34060.36 was the closing price of the day for Dow Jones, resulting in today being one in which price moved up 0.71% ($239.98) from the previous day. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Dow Jones.


Dow Jones Technical Analysis

Volatility for Dow Jones has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 additional context, note that price has gone up 16 out of the past 30 days.