Euro Stoxx 50 (SX5E) 2 Day Up Streak Snapped, in an Uptrend Over Past 14 Days; Evening Star Pattern Appearing on Chart

The Hourly View for SX5E

Last Updated April 13, 2021, 03:019 GMT

At the moment, Euro Stoxx 50’s price is up 8.01 (0.2%) 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. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. 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

3961.9 was the closing price of the day for Euro Stoxx 50, resulting in today being one in which price moved down 0.43% ($16.94) from the previous day. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 9th since the previous day 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 additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see evening star pattern appearing here as well.