The Hourly View for SSE50
Last Updated April 9, 2021, 03:019 GMT
At the moment, SGX FTSE China A50’s price is down -14.62 (-0.41%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as SGX FTSE China A50 has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 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 3573.037 US dollars, up 0.41% (14.57) from yesterday. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 10th since yesterday in terms of percentage price change. The daily price chart of SSE 50 Index below illustrates.
SSE 50 Index Technical Analysis
First things first: SSE 50 Index crossed above its 20 day moving average yesterday. Volatility for SSE 50 Index 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 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.