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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.
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MarketClub’s Trade Triangles for ERIXP
The long-term trend has been DOWN since Sep 23rd, 2022 at 1975.40
The intermediate-term trend has been DOWN since Aug 29th, 2022 at 2303.57
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).
| 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 High | 1072.23 | 52wk High Date | 2018-11-29 |
| 52wk Low | 854 | 52wk Low Date | 2017-12-06 |