Euro Stoxx 50 (SX5E) 4 Day Up Streak Ended

The Hourly View for SX5E

Last Updated April 20, 2021, 02:019 GMT

At the time of this writing, Euro Stoxx 50’s price is up 1 (0.02%) 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 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 4 day positive run has come for Euro Stoxx 50, which finished the previous day down 0.32% (13.08). Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 8th for the day in terms of price change relative to the previous day. Here is a daily price chart of Euro Stoxx 50.


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. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Euro Stoxx 50’s price has gone up 7 them.