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Index Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

European Renewable Energy Total Return Index (EUR) (CME:ERIX)

Bear Market Rally (-75) - ERIX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ERIX as it may be in the beginning of a reversal.

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
1606.85 1617.36 1588.37 1594.36 -11.90
Entry Signal

MarketClub’s Trade Triangles for ERIX

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 1670.38

intermediate term down The intermediate-term trend has been DOWN since Jun 7th, 2024 at 1788.04

short term up The short-term trend has been UP since Jul 22nd, 2024 at 1598.73

Smart Scan Analysis for ERIX

Based on our trend formula, ERIX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ERIX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1606.85 1617.36 1588.37 1594.36 -11.90
Prev. Close Volume Bid Ask Time
1606.26 0 2024-07-23 13:52:22
52wk High1122.9952wk High Date2018-11-29
52wk Low894.4352wk Low Date2017-12-06
Estimated Volume26
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