Euro Stoxx 50 (SX5E) Heads Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days

The Hourly View for SX5E

Last Updated April 23, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is down -4 (-0.1%) 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 20 hour timeframe. 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 Daily Price Recap

Euro Stoxx 50 is up 0.97% (38.39) since yesterday, marking the 2nd straight day an increase has occurred. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 3rd for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

Volatility for Euro Stoxx 50 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Euro Stoxx 50’s price has gone up 7 them.