SSE 50 Index (SSE50) Tops All equity indices, Up 1.27%; Breaks Above 20 and 200 Day Averages

The Hourly View for SSE50

Last Updated April 30, 2021, 03:019 GMT

At the moment, SGX FTSE China A50’s price is down -6.14 (-0.17%) from the hour prior. The hourly chart shows that SGX FTSE China A50 has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Of note is that the 20 hour changed directions on SSE50; it is now pointing up. 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 choppiness in the recent daily price action of SSE 50 Index continues; to start today, it came in at a price of 3517.21045 US dollars, up 1.27% (44.17) since yesterday. SSE 50 Index outperformed all 14 assets in the equity indices asset class since yesterday. Let’s take a look at the daily price chart of SSE 50 Index.

SSE50

SSE 50 Index Technical Analysis

Moving average crossovers are always interesting, so let’s start there: SSE 50 Index crossed above its 20 and 200 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days SSE 50 Index’s price has gone up 6 them.