Euro Stoxx 50 (SX5E) Down 0.45%, in an Uptrend Over Past 90 Days; Eyes 20 Day Average

The Hourly View for SX5E

Last Updated April 30, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is down 0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 100 hour changed directions on SX5E; it is now pointing up. 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 choppiness in the recent daily price action of Euro Stoxx 50 continues; to start today, it came in at a price of 3996.9 US dollars, down 0.45% (18.13) since the previous day. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 13th since the previous day in terms of percentage price change. Here 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 5 out of the past 10 days.