SSE 50 Index (SSE50) Up 0.17%, in a Downtrend Over Past 14 Days; Eyes 20 Day Average

The Hourly View for SSE50

Last Updated April 22, 2021, 03:019 GMT

At the time of this writing, SGX FTSE China A50’s price is up 0.32 (0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 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.

SSE 50 Index Daily Price Recap

The back and forth price flow continues for SSE 50 Index, which started today off at 3516.09766 US dollars, up 0.17% (5.97) from the day prior. Out of the 14 instruments in the equity indices asset class, SSE 50 Index ended up ranking 10th for the day in terms of price change relative to the day prior. The daily price chart of SSE 50 Index below illustrates.

SSE50

SSE 50 Index Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 5 out of the past 10 days.