Euro Stoxx 50 (SX5E) Up 0.69%; in an Uptrend Over Past 14 Days

The Hourly View for SX5E

Last Updated January 15, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is down -7.01 (-0.19%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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 Daily Price Recap

Euro Stoxx 50 closed yesterday up 0.69% (24.86); this denotes the 2nd day in a row it has gone up. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 5th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.