The Hourly View for SX5E
Last Updated November 11, 2020, 01:05 GMT
At the time of this writing, SX5E’s price is down $-5 (-0.14%) from the hour prior. This is the 2nd hour in a row SX5E has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on SX5E. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 1.02% (34.71) since yesterday, marking the 2nd day in a row an increase has occurred. Relative to other instruments in the equity indices asset class, Euro Stoxx 50 ranked 7th since yesterday in terms of percentage price change. Here is a daily price chart of Euro Stoxx 50.
Euro Stoxx 50 Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Euro Stoxx 50’s price has gone up 15 them.