SSE 50 Index (SSE50) Down 0.09%; Nears 200 Day Moving Average

The Hourly View for SSE50

Last Updated April 29, 2021, 03:019 GMT

At the moment, SGX FTSE China A50’s price is down -6.43 (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning below it. 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

3473.03882 was the closing price of the day for SSE 50 Index, resulting in today being one in which price moved down 0.09% ($3.26) from the previous day. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 12th since the previous day in terms of percentage price change. The daily price chart of SSE 50 Index below illustrates.

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 5 out of the past 10 days.