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Index Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

European Renewable Energy Total Return Index (USD) (CME:ERIXD)

Long-Term Uptrend (+90) - ERIXD is in a strong uptrend that is likely to continue. While ERIXD 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 ERIXD?

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

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

CME_ERIXD
Open High Low ERIXD Price Change
1768.44 1780.90 1690.61 1697.23 -71.50
Entry Signal

MarketClub’s Trade Triangles for ERIXD

long term up The long-term trend has been UP since Dec 20th, 2023 at 1799.21

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 1669.97

short term up The short-term trend has been UP since Mar 20th, 2024 at 1599.20

Smart Scan Analysis for ERIXD

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

+90
Smart Scan Analysis for ERIXD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1768.44 1780.90 1690.61 1697.23 -71.50
Prev. Close Volume Bid Ask Time
1697.23 0 2024-03-28 14:34:56
52wk High1167.9752wk High Date2018-05-22
52wk Low926.4952wk Low Date2017-12-06
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