SSE 50 Index (SSE50) Fares the Worst Out of equity indices, Heads Down For the 2nd Day In A Row; But Still in an Uptrend Over Past 14 Days

The Hourly View for SSE50

Last Updated January 15, 2021, 03:019 GMT

At the moment, SGX FTSE China A50’s price is up 24.15 (0.63%) from the hour prior. The hourly chart shows that SGX FTSE China A50 has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. 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.

SSE 50 Index Daily Price Recap

SSE 50 Index closed the day prior down 1.6% (62); this denotes the 2nd day in a row a decline has happened. Those trading within the equity indices asset class should know that SSE 50 Index was the worst performer in the class today. Let’s take a look at the daily price chart of SSE 50 Index.

SSE50

SSE 50 Index Technical Analysis

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.