SSE50’s Price May Be in An Uptrend, but RSI Suggests Caution

The Hourly View for SGX FTSE China A50

  • At the time of this writing, SSE50’s price is up 4.21 (0.13%) from the hour prior.
  • SGX FTSE China A50 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • 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.

SGX FTSE China A50’s hourly price chart is shown below.

SSE50

The Daily View for SGX FTSE China A50

  • At the time of this writing, SSE50’s price is down -8.98 (-0.28%) from the day prior.
  • SGX FTSE China A50 has seen its price go down 12 out of the past 14 days, thus creating some compelling opportunities for bears.
  • 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 day timeframes.
  • The moving averages on the daily 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.
  • Divergence alert: Trend in SSE50’s price and its RSI are diverging. SSE50’s price is rising slower than its RSI.

Below is a daily price chart of SGX FTSE China A50.

SSE50

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