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Index Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

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

Long-Term Downtrend (-90) - ERIXP is in a strong downtrend that is likely to continue. While ERIXP 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 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
2245.88 2322.51 2224.32 2316.12 +91.48
Entry Signal

MarketClub’s Trade Triangles for ERIXP

long term down The long-term trend has been DOWN since Mar 3rd, 2021 at 2316.55

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2021 at 2311.27

short term down The short-term trend has been DOWN since Apr 29th, 2021 at 2497.18

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
2245.88 2322.51 2224.32 2316.12 +91.48
Prev. Close Volume Bid Ask Time
2316.12 0 2021-05-07 15:45:57
52wk High1072.2352wk High Date2018-11-29
52wk Low85452wk Low Date2017-12-06
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