SSE 50 Index (SSE50) Down 0.82%; Eyes 200 Day Average

The Hourly View for SSE50

Last Updated April 23, 2021, 03:019 GMT

At the time of this writing, SGX FTSE China A50’s price is up 22.14 (0.63%) from the hour prior. The hourly chart shows that SGX FTSE China A50 has seen 3 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them 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

3487.427 was the closing price of the day for SSE 50 Index, resulting in today being one in which price moved down 0.82% ($28.67) from the day prior. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 11th since the day prior in terms of percentage price change. Below 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 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 15 out of the past 30 days.