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Index Trend Analysis Report

Prepared for you on Thursday, October 6, 2022.

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

Countertrend Down (-85) - ERIXP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
1888.89 1914.73 1863.93 1875.08 -13.30
Entry Signal

MarketClub’s Trade Triangles for ERIXP

long term down The long-term trend has been DOWN since Sep 23rd, 2022 at 1975.40

intermediate term down The intermediate-term trend has been DOWN since Aug 29th, 2022 at 2303.57

short term up The short-term trend has been UP since Oct 4th, 2022 at 1914.69

Smart Scan Analysis for ERIXP

Based on our trend formula, ERIXP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ERIXP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1888.89 1914.73 1863.93 1875.08 -13.30
Prev. Close Volume Bid Ask Time
1888.38 0 2022-10-06 11:55:03
52wk High1072.2352wk High Date2018-11-29
52wk Low85452wk Low Date2017-12-06
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