Euro Stoxx 50 (SX5E) Moves Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days

The Hourly View for SX5E

Last Updated June 3, 2021, 03:019 GMT

At the time of this writing, Euro Stoxx 50’s price is up 2 (0.05%) from the hour prior. This is the 2nd consecutive hour Euro Stoxx 50 has seen its price head up. Regarding the trend, note that the strongest trend exists 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 day prior up 0.41% (16.75); this denotes the 2nd straight day an increase has occurred. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 4th 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

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Euro Stoxx 50’s price has gone up 17 of the previous 30 trading days.