SSE 50 Index 4 Hour Price Update
Updated September 15, 2020 11:15 PM GMT (07:15 PM EST)
SSE 50 Index is up 0.27% (8.93) since the last 4 hour candle, marking the 5th candle in a row an upward move has occurred. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 2nd since the last 4 hour candle in terms of percentage price change.
SSE 50 Index Daily Price Recap
SSE 50 Index closed yesterday up 0.88% (28.65); this denotes the 3rd day in a row an increase has occurred. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 5th since yesterday in terms of percentage price change. Here is a daily price chart of SSE 50 Index.
SSE 50 Index Technical Analysis
Moving average crossovers are always interesting, so let’s start there: SSE 50 Index crossed above its 50 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. Or to view things another way, note that out of the past 10 days SSE 50 Index’s price has gone up 5 them.