The 4-hour chart for the US30 (Dow Jones Industrial Average) shows a recent uptrend, with prices moving within a day’s range of 40,518 to 41,000, and hitting a high around 41,000. Currently, the index is showing mixed signals. Some technical indicators suggest overbought conditions, with the Stochastic Oscillator (STOCH) and Williams %R signaling overbought status. However, other indicators like the RSI are neutral, sitting around 53.23, which indicates no strong momentum either way.
On the moving averages side, short-term signals like the 10-day and 20-day moving averages are in a “buy” zone, supporting upward momentum. We will see this continue going up
On the moving averages side, short-term signals like the 10-day and 20-day moving averages are in a “buy” zone, supporting upward momentum. We will see this continue going up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.