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Index Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

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

Strong Downtrend (-100) - ERIXP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ERIXP continues to fall. 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
1525.18 1525.32 1434.68 1434.75 -90.61
Entry Signal

MarketClub’s Trade Triangles for ERIXP

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 2025.31

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 1895.45

short term down The short-term trend has been DOWN since Oct 2nd, 2023 at 1535.47

Smart Scan Analysis for ERIXP

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

-100
Smart Scan Analysis for ERIXP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1525.18 1525.32 1434.68 1434.75 -90.61
Prev. Close Volume Bid Ask Time
1525.36 0 2023-10-03 11:54:48
52wk High1072.2352wk High Date2018-11-29
52wk Low85452wk Low Date2017-12-06
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