Euro Stoxx 50 (SX5E) Up 0.39%; in an Uptrend Over Past 14 Days

The Hourly View for SX5E

Last Updated November 19, 2020, 02:019 GMT

At the moment, SX5E’s price is down -14 (-0.4%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as SX5E has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning below it. 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

Euro Stoxx 50 is up 0.39% (13.69) since the day prior, marking the 4th day in a row it has gone up. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 7th since the day prior in terms of percentage price change. Let’s take a look at the 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 30 days Euro Stoxx 50’s price has gone up 16 them.