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Index Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
European Renewable Energy Price Index (EUR) (CME:ERIXP)
Crossroads (+60) - ERIXP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ERIXP
The long-term trend has been DOWN since Apr 16th, 2024 at 1458.46
The intermediate-term trend has been UP since Apr 30th, 2024 at 1560.82
The short-term trend has been UP since Apr 29th, 2024 at 1512.54
Smart Scan Analysis for ERIXP
Based on our trend formula, ERIXP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1623.10 | 1623.10 | 1578.19 | 1578.36 | -43.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1621.61 | 0 | 2024-05-17 11:55:03 |
| 52wk High | 1072.23 | 52wk High Date | 2018-11-29 |
| 52wk Low | 854 | 52wk Low Date | 2017-12-06 |