Euro Stoxx 50 is Up for the 3rd Day in a Row

News Releases Impacting Euro Stoxx 50

  • Forecasted Consumer Confidence Flash in Euro Area: -20.5-.. The previous number: -21.1-.. (2.84% difference between the two.)

The Hourly View for Euro Stoxx 50

  • At the moment, SX5E’s price is down -4.01 (-0.11%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100 and 20 hour moving averages have been crossed, so that price is now turning below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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

SX5E

The Daily View for Euro Stoxx 50

  • At the moment, SX5E’s price is up 24.17 (0.7%) from the day prior.
  • Euro Stoxx 50 has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • 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.
  • Divergence between SX5E’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SX5E’s price.

Below is a daily price chart of Euro Stoxx 50.

SX5E

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