Dow Jones (INDU) Down $78 On 4 Hour Chart, in an Uptrend Over Past 90 Days; is Inching Close to 20 Day Average

Dow Jones 4 Hour Price Update

Updated August 03, 2020 07:14 AM GMT (03:14 AM EST)

Dow Jones closed the last 4 hour candle down 0.3% (78); this denotes the 2nd candle in a row a decrease has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, Dow Jones ended up ranking 6th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Dow Jones Daily Price Recap

The choppiness in the recent daily price action of Dow Jones continues; to start today, it came in at a price of 26428.32 US dollars, up 0.44% (114.67) since yesterday. Out of the 8 instruments in the 8 major global equity indices asset class, Dow Jones ended up ranking 2nd for the day in terms of price change relative to yesterday. 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. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For additional context, note that price has gone up 18 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!

Overheard on Twitter

Over on Twitter, here were the top tweets about Dow Jones:

  • From kevinconant62:

    @peteraymond6 @LeeHolly81 @realDonaldTrump Do you know how to do research?? Try trending all the economic indicators you can think of…GDP, Dow Jones, unemployment etc. Make sure you go back to at least 2009 to current. In most indicators, Obama handed DT a silver platter and this guy did what he does, bankrupted it

  • From 10kdiver:

    27/A stock split can also help a company get included in an index.For example, in the US, the Dow Jones Industrial Average (Dow for short) is a price-weighted index. Adding a high-priced stock to it can seriously overweight the index towards that stock — so they won’t do it.

  • From forbestonow:

    @BeckyQuick @DavidCornDC Does anyone remember the “compassionate conservative” the GOP insisted was the right person for 2000? This year they have switched it up for ‘sacrifice grandma for the Dow Jones’ and ‘your concern for your kids is holding back the economy’.