SSE 50 Index (SSE50) Up $52.29 On 4 Hour Chart, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

SSE 50 Index 4 Hour Price Update

Updated September 18, 2020 11:15 PM GMT (07:15 PM EST)

SSE 50 Index is up 1.59% (52.29) since the last 4 hour candle, marking the 2nd consecutive candle an upward move has occurred. SSE 50 Index outperformed all 14 assets in the equity indices asset class since the last 4 hour candle. Congrats to its holders!

SSE 50 Index Daily Price Recap

SSE 50 Index closed the day prior down 0.94% (30.9); this denotes the 2nd day in a row a decrease has occurred. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 11th since the day prior in terms of percentage price change. The daily price chart of SSE 50 Index below illustrates.

SSE50

SSE 50 Index Technical Analysis

First things first: SSE 50 Index crossed below its 50 day moving average 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 up. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 16 out of the past 30 days.