Euro Stoxx 50 Does it Again: Heads Down for the 5th Straight Day

News Releases Impacting Euro Stoxx 50

  • Forecasted Industrial Production MoM in Euro Area: 0.5%. The previous number: -1.8%. (127.78% difference between the two.)

The Hourly View for Euro Stoxx 50

  • At the moment, SX5E’s price is down -6 (-0.17%) from the hour prior.
  • This is the 2nd hour in a row Euro Stoxx 50 has seen its price head down.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Euro Stoxx 50. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Euro Stoxx 50’s hourly price chart is shown below.

SX5E

The Daily View for Euro Stoxx 50

  • At the time of this writing, SX5E’s price is down -96.7 (-2.69%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Euro Stoxx 50 has now gone down 8 of the past 10 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Euro Stoxx 50.

SX5E

Latest News Discussing SX5E