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.
MarketClub’s Trade Triangles for ERIXP
The long-term trend has been DOWN since Mar 8th, 2023 at 2025.31
The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 1895.45
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).
|52wk High||1072.23||52wk High Date||2018-11-29|
|52wk Low||854||52wk Low Date||2017-12-06|