Dow Jones (INDU) Up 0.02%; Doji Pattern Appearing on Chart
Relative to other instruments in the equity indices asset class, dow jones ranked 6th since yesterday in terms of percentage price change.
Dow Jones
(Last Updated January 18, 2021)
Hello! This is the news page for Dow Jones. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On INDU, there is currently an uptrend on the 90, 30 and 14 day timeframes.
INDU Moving Averages
The moving averages on INDU indicate a trend that is clearly bullish.
Below is a chart showing INDU’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, INDU’s price is down -265.82 (-0.85%) from the week prior. INDU has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. 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) Heads Up For the 3rd Consecutive Day, in an Uptrend Over Past 30 Days; Doji Pattern Appearing on Chart
Relative to other instruments in the equity indices asset class, dow jones ranked 6th since the previous day in terms of percentage price change.
Dow Jones (INDU) Down 0.01%, in an Uptrend Over Past 90 Days; Doji Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well.
Dow Jones (INDU) Moves Down For the 3rd Consecutive Day, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Dow Jones (INDU) Down 0.16%; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved down.
Dow Jones (INDU) Down 0.05%, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart
For additional context, note that price has gone up 19 out of the past 30 days.
Dow Jones (INDU) Up 0.33%; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Dow Jones (INDU) Down 0.41%, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 19 out of the past 30 days.
Dow Jones (INDU) Moves Up For the 3rd Day In A Row; in an Uptrend Over Past 90 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Dow Jones (INDU) Makes Big Move Relative to Past Month, Up 1.44%; in an Uptrend Over Past 90 Days
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.