SSE 50 Index (SSE50) Down $13.78 Over Past 4 Hours, Moves Up For the 4th Consecutive Day; Breaks Above 20 Day Average

SSE 50 Index 4 Hour Price Update

Updated September 16, 2020 11:15 PM GMT (07:15 PM EST)

SSE 50 Index closed the last 4 hour candle down 0.42% (13.78); this denotes the 2nd candle in a row it has gone down. Out of the 14 instruments in the equity indices asset class, SSE 50 Index ended up ranking 10th for the four-hour candle in terms of price change relative to the last 4 hour candle.

SSE 50 Index Daily Price Recap

SSE 50 Index closed the day prior up 0.71% (23.49); this denotes the 4th consecutive day it has gone up. 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 day prior. Here is a daily price chart of SSE 50 Index.

SSE50

SSE 50 Index Technical Analysis

Moving average crossovers are always interesting, so let’s start there: SSE 50 Index crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that SSE 50 Index’s price has gone up 8 of the previous 14 trading days.