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Index Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
European Renewable Energy Total Return Index (EUR) (CME:ERIX)
Long-Term Downtrend (-90) - ERIX is in a strong downtrend that is likely to continue. While ERIX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ERIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for ERIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ERIX
The long-term trend has been DOWN since Apr 16th, 2024 at 1670.38
The intermediate-term trend has been DOWN since Apr 3rd, 2024 at 1702.12
The short-term trend has been DOWN since Apr 15th, 2024 at 1706.66
Smart Scan Analysis for ERIX
Based on our trend formula, ERIX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1673.60 | 1673.60 | 1649.65 | 1659.82 | -12.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1659.70 | 0 | 2024-04-19 11:54:04 |
| 52wk High | 1122.99 | 52wk High Date | 2018-11-29 |
| 52wk Low | 894.43 | 52wk Low Date | 2017-12-06 |
| Estimated Volume | 26 |