SSE 50 Index (SSE50) Fares the Worst Out of equity indices, Down 0.84%; But Still in an Uptrend Over Past 14 Days

The Hourly View for SSE50

Last Updated January 14, 2021, 03:019 GMT

At the time of this writing, SGX FTSE China A50’s price is down -10.1 (-0.26%) from the hour prior. The hourly chart shows that SGX FTSE China A50 has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. 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

3873.22852 was the closing price of the day for SSE 50 Index, resulting in today being one in which price moved down 0.84% ($32.89) from the day prior. On a relative basis, SSE 50 Index was the worst performer out of all 14 of the assets in the equity indices asset class today. Let’s take a look at the 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 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days SSE 50 Index’s price has gone up 9 them.