The Hourly View for SSE50
Last Updated February 25, 2021, 00:019 GMT
At the moment, SGX FTSE China A50’s price is up 4.28 (0.11%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on SGX FTSE China A50. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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
SSE 50 Index entered today at 3897.71631, up 0.41% ($15.85) from the previous day. Out of the 14 instruments in the equity indices asset class, SSE 50 Index ended up ranking 5th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of SSE 50 Index.
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. For another vantage point, consider that SSE 50 Index’s price has gone up 9 of the previous 14 trading days.