Euro Stoxx 50 (SX5E) Up 0.45%; in an Uptrend Over Past 14 Days

The Hourly View for SX5E

Last Updated November 23, 2020, 19:19 GMT

Currently, SX5E’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. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on SX5E. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 20 and 50 hour changed directions on SX5E; they are now pointing down. 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 3467.6 US dollars, up 0.45% (15.63) since the day prior. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the 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 10 days Euro Stoxx 50’s price has gone up 8 them.