SSE 50 Index (SSE50) Down $2.21 On 4 Hour Chart, 4 Day Up Streak Ended; Crosses 20 Day Moving Average

SSE 50 Index 4 Hour Price Update

Updated September 17, 2020 07:15 PM GMT (03:15 PM EST)

SSE 50 Index is down 0.07% (2.21) since the last 4 hour candle, marking the 4th candle in a row a decrease has occurred. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 11th since the last 4 hour candle in terms of percentage price change.

SSE 50 Index Daily Price Recap

SSE 50 Index is down 0.66% (22.06) since the previous day, marking a reversal from the day prior — and the end of a 4 day positive run. Relative to other instruments in the equity indices asset class, SSE 50 Index ranked 13th since the previous day in terms of percentage price change. Below is a daily price chart of SSE 50 Index.

SSE50

SSE 50 Index Technical Analysis

First things first: SSE 50 Index crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that SSE 50 Index’s price has gone up 7 of the previous 14 trading days.