Euro Stoxx 50 (SX5E) Up 0.23%, in an Uptrend Over Past 90 Days; Doji Pattern Appearing on Chart

The Hourly View for SX5E

Last Updated April 15, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is up 1 (0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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

Euro Stoxx 50 is up 0.23% (9.29) since yesterday, marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 8th since yesterday in terms of percentage price change. Below 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. For additional context, note that price has gone up 10 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing doji pattern appearing here.