Euro Stoxx 50 (SX5E) Up 0.7%; Crosses 50 and 100 Day Moving Averages

The Hourly View for SX5E

Last Updated October 12, 2020, 00:06 GMT

At the time of this writing, SX5E’s price is up $1 (0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 is up 0.7% (22.81) since the day prior, marking the 2nd consecutive day it has gone up. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 5th since the day prior in terms of percentage price change. Here is a daily price chart of Euro Stoxx 50.

SX5E

Euro Stoxx 50 Technical Analysis

Notably, Euro Stoxx 50 crossed above its 50 and 100 day moving averages yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Euro Stoxx 50’s price has gone down 7 of the previous 14 trading days.