SSE 50 Index (SSE50) Heads Up For the 2nd Straight Day

The Hourly View for SSE50

Last Updated May 14, 2021, 00:019 GMT

At the time of this writing, SGX FTSE China A50’s price is up 7.68 (0.23%) 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. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

SSE 50 Index Daily Price Recap

SSE 50 Index came into today up 0.3% (10.15) from the open of the day prior, marking the 2nd straight day it has gone up. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 3rd 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

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days.