Euro Stoxx 50 (SX5E) 2 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

The Hourly View for SX5E

Last Updated April 22, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is up 7.01 (0.18%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Euro Stoxx 50 has now gone up 5 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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 3976.41 US dollars, up 0.91% (35.95) from yesterday. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 4th for the day in terms of price change relative to yesterday. Below is a daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

Volatility for Euro Stoxx 50 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 10 days.