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.
MarketClub’s Trade Triangles for ERIXP
The long-term trend has been DOWN since Mar 3rd, 2021 at 2316.55
The intermediate-term trend has been DOWN since May 4th, 2021 at 2311.27
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).
|52wk High||1072.23||52wk High Date||2018-11-29|
|52wk Low||854||52wk Low Date||2017-12-06|