Dow Jones (INDU) Fares the Worst Out of equity indices, Down 0.75%; But Still in an Uptrend Over Past 14 Days

The Hourly View for INDU

Last Updated November 23, 2020, 02:018 GMT

At the moment, INDU’s price is down -18 (-0.06%) 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 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. 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 29263.48 US dollars, down 0.75% (219.75) from yesterday. On a relative basis, Dow Jones was the worst performer out of all 14 of the assets in the equity indices asset class today. The daily price chart of Dow Jones below illustrates.

INDU

Dow Jones Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 16 out of the past 30 days.