Dow Jones (INDU) Down 0.77%, Breaks Below 50 Day Average; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Dow Jones
(Last Updated April 15, 2021)
Welcome to the news page for Dow Jones (INDU). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for INDU.
INDU Moving Averages
Across several time periods between 20 and 200 days, the trend on INDU has remained consistently bullish.
Below is a chart showing INDU’s price with its moving averages.
The View From the Weekly Timeframe
At the moment, INDU’s price is down -69.71 (-0.21%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on INDU. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. INDU’s weekly price action over the past 52 weeks can be seen via the chart below.
Dow Jones (INDU) Down 0.77%, Crosses 50 Day Moving Average; in a Downtrend Over Past 14 Days
Out of the 14 instruments in the equity indices asset class, dow jones ended up ranking 13th for the day in terms of price change relative to the day prior.
Dow Jones (INDU) Moves Down For the 2nd Day In A Row, in an Uptrend Over Past 90 Days; Nears 20 and 50 Day Moving Averages
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Dow Jones (INDU) Down 0.31%, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days
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.
Dow Jones (INDU) in an Uptrend Over Past 90 Days, Price Base in Formation Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Price action traders may also wish to note that we see a pin bar candlestick pattern on dow jones.
Dow Jones (INDU) Moves Down For the 3rd Consecutive Day, in an Uptrend Over Past 14 Days; is Inching Close to 20 Day Average
Out of the 14 instruments in the equity indices asset class, dow jones ended up ranking 12th for the day in terms of price change relative to yesterday.
Dow Jones (INDU) Heads Down For the 3rd Consecutive Day, in an Uptrend Over Past 90 Days; Eyes 20 Day Average
This move is a reversal from the hour prior, which saw price move down.
Dow Jones (INDU) Heads Down For the 2nd Day In A Row, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
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 the day prior.
Dow Jones (INDU) Heads Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, dow jones ranked 7th since the day prior in terms of percentage price change.
Dow Jones (INDU) Up 0.09%; in an Uptrend Over Past 14 Days
This is the 2nd straight hour dow jones has seen its price head down.