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Index Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

European Renewable Energy Price Index (EUR) (CME:ERIXP)

Long-Term Uptrend (+90) - ERIXP is in a strong uptrend that is likely to continue. While ERIXP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ERIXP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ERIXP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CME_ERIXP
Open High Low ERIXP Price Change
1703.41 1719.65 1632.64 1637.39 -65.75
Entry Signal

MarketClub’s Trade Triangles for ERIXP

long term up The long-term trend has been UP since Dec 20th, 2023 at 1725.65

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 1597.97

short term up The short-term trend has been UP since Mar 20th, 2024 at 1531.47

Smart Scan Analysis for ERIXP

Based on our trend formula, ERIXP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ERIXP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1703.41 1719.65 1632.64 1637.39 -65.75
Prev. Close Volume Bid Ask Time
1637.39 0 2024-03-28 14:34:56
52wk High1072.2352wk High Date2018-11-29
52wk Low85452wk Low Date2017-12-06
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