Euro Stoxx 50 (SX5E) Up 0.13%, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart

The Hourly View for SX5E

Last Updated April 14, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is up 2 (0.05%) from the hour prior. Euro Stoxx 50 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 entered today at 3966.99, up 0.13% ($5.09) from the day prior. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 8th for the day in terms of price change relative to the day prior. Here is a daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Euro Stoxx 50’s price has gone up 9 them. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.