Dow Jones (INDU) Moves Up For the 2nd Day In A Row, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for INDU

Last Updated February 25, 2021, 00:019 GMT

At the moment, Dow Jones’s price is up 82.21 (0.26%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Dow Jones has now gone up 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 came into today up 0.05% (15.66) from the open of yesterday, marking the 2nd day in a row it has gone up. 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 yesterday. Here is a daily price chart of Dow Jones.

INDU

Dow Jones Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 16 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!