Euro Stoxx 50 (SX5E) Up 0.8%; in an Uptrend Over Past 90 Days

The Hourly View for SX5E

Last Updated June 2, 2021, 03:019 GMT

At the moment, Euro Stoxx 50’s price is down -8.01 (-0.2%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Euro Stoxx 50. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

4071.75 was the closing price of the day for Euro Stoxx 50, resulting in today being one in which price moved up 0.8% ($32.29) from the previous day. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 5th for the day in terms of price change relative to the previous day. 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 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Euro Stoxx 50’s price has gone up 17 of the previous 30 trading days.