Euro Stoxx 50 (SX5E) Down 0.22%; in an Uptrend Over Past 90 Days

The Hourly View for SX5E

Last Updated April 28, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is up 1 (0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 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

Euro Stoxx 50 entered today at 4011.91, down 0.22% ($8.92) from the previous day. Out of the 14 instruments in the equity indices asset class, Euro Stoxx 50 ended up ranking 10th for the day in terms of price change relative to the previous day. Below 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. Or to view things another way, note that out of the past 30 days Euro Stoxx 50’s price has gone up 17 them.