Dow Jones (INDU) Heads Up For the 3rd Straight Day

The Hourly View for INDU

Last Updated February 19, 2021, 00:019 GMT

At the moment, Dow Jones’s price is down -28.05 (-0.09%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Dow Jones has now gone down 4 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them with price now being 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

Dow Jones is up 0.29% (90.27) since yesterday, marking the 3rd straight day an increase has occurred. Relative to other instruments in the equity indices asset class, Dow Jones ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Dow Jones below illustrates.


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 another vantage point, consider that Dow Jones’s price has gone up 17 of the previous 30 trading days.