The Hourly View for SX5E
Last Updated April 16, 2021, 10:19 GMT
At the time of this writing, Euro Stoxx 50’s price is up 9 (0.22%) from the hour prior. The hourly chart shows that Euro Stoxx 50 has seen 3 straight up hours. Regarding the trend, note that the strongest trend exists 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
Euro Stoxx 50 closed yesterday up 0.43% (17.15); this denotes the 3rd day in a row it has gone up. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 7th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Euro Stoxx 50.
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. For additional context, note that price has gone up 18 out of the past 30 days.