SSE 50 Index (SSE50) Tops All equity indices, 2 Day Down Streak Ended; Nears 20 Day Moving Average

The Hourly View for SSE50

Last Updated June 10, 2021, 18:19 GMT

At the time of this writing, SGX FTSE China A50’s price is up 0.98 (0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above it. 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 3587.532 US dollars, up 0.2% (7.25) from the day prior. On a relative basis, today was pretty good: SSE 50 Index bested all 14 of the assets in the equity indices class 🙂 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 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days SSE 50 Index’s price has gone down 16 them.