Euro Stoxx 50 (SX5E) Up 0.08%; in an Uptrend Over Past 30 Days

The Hourly View for SX5E

Last Updated April 29, 2021, 03:019 GMT

Currently, Euro Stoxx 50’s price is down -9.01 (-0.22%) from the hour prior. Euro Stoxx 50 has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them with price now being below them. 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

4015.03 was the closing price of the day for Euro Stoxx 50, resulting in today being one in which price moved up 0.08% ($3.12) from the previous day. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 10th since the previous day in terms of percentage price change. The daily price chart of Euro Stoxx 50 below illustrates.


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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Euro Stoxx 50’s price has gone up 18 of the previous 30 trading days.