SSE 50 Index (SSE50) Heads Up For the 5th Consecutive Day

The Hourly View for SSE50

Last Updated November 23, 2020, 02:018 GMT

Currently, SSE50’s price is up 27.73 (0.81%) from the hour prior. SSE50 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on SSE50; it is now pointing up. 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 came into today up 0.05% (1.84) from the open of the day prior, marking the 5th consecutive day an increase has occurred. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 9th since the day prior in terms of percentage price change. Here is a daily price chart of SSE 50 Index.

SSE50

SSE 50 Index Technical Analysis

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. Or to view things another way, note that out of the past 30 days SSE 50 Index’s price has gone up 16 them.