Euro Stoxx 50 (SX5E) Down 0.21%; in an Uptrend Over Past 14 Days

The Hourly View for SX5E

Last Updated February 18, 2021, 00:020 GMT

At the moment, Euro Stoxx 50’s price is up 3 (0.08%) from the hour prior. This is the 2nd hour in a row Euro Stoxx 50 has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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

The end of a 3 day positive run has come for Euro Stoxx 50, which finished the day prior down 0.21% (7.8). Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 10th since the day prior in terms of percentage price change. Below is a daily price chart of Euro Stoxx 50.


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 10 of the previous 14 trading days.