Euro Stoxx 50 (SX5E) Down 0.04%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for SX5E

Last Updated April 26, 2021, 02:019 GMT

Currently, Euro Stoxx 50’s price is down -6 (-0.15%) from the hour prior. Euro Stoxx 50 has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 entered today at 4013.34, down 0.04% ($1.46) from yesterday. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 9th since yesterday in terms of percentage price change. Here 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. The clearest trend exists on the 30 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 6 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.