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Index Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

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.

CME_ERIX
Open High Low ERIX Price Change
1780.30 1820.22 1776.75 1808.96 +28.97
Entry Signal

MarketClub’s Trade Triangles for ERIX

long term down The long-term trend has been DOWN since Aug 17th, 2023 at 2019.25

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 2170.18

short term down The short-term trend has been DOWN since Sep 22nd, 2023 at 1868.73

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).

-90
Smart Scan Analysis for ERIX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1780.30 1820.22 1776.75 1808.96 +28.97
Prev. Close Volume Bid Ask Time
1779.99 0 2023-09-28 09:21:04
52wk High1122.9952wk High Date2018-11-29
52wk Low894.4352wk Low Date2017-12-06
Estimated Volume26
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