Euro Stoxx 50 (SX5E) Up 0.07%; in an Uptrend Over Past 14 Days

The Hourly View for SX5E

Last Updated November 18, 2020, 02:019 GMT

At the time of this writing, SX5E’s price is down -4 (-0.12%) from the hour prior. SX5E has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend 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

Euro Stoxx 50 closed the previous day up 0.07% (2.27); this denotes the 3rd consecutive day an upward move has occurred. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 7th for the day in terms of price change relative to the previous day. Here is a daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Euro Stoxx 50’s price has gone up 10 them.