Euro Stoxx 50 (SX5E) Up 0.45%; in an Uptrend Over Past 14 Days

The Hourly View for SX5E

Last Updated November 23, 2020, 02:019 GMT

At the moment, SX5E’s price is down -1 (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on SX5E. 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 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

The back and forth price flow continues for Euro Stoxx 50, which started today off at 3467.6 US dollars, up 0.45% (15.63) from the day prior. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 3rd since the day prior in terms of percentage price change. Here is a 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 another vantage point, consider that Euro Stoxx 50’s price has gone up 15 of the previous 30 trading days.