(Last Updated April 15, 2021)
Hello! This is the news page for Euro Stoxx 50. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On SX5E, there is currently an uptrend on the 90, 30 and 14 day timeframes.
Across several time periods between 20 and 200 days, the trend on SX5E has remained consistently bullish.
Below is a chart showing SX5E’s price with its moving averages.
At the moment, SX5E’s price is down -2.56 (-0.06%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as SX5E has now gone up 8 of the past 10 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on SX5E. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows SX5E’s price action over the past year.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 11th since the day prior in terms of percentage price change.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Price action traders may also wish to note that we see a doji candlestick pattern on euro stoxx 50.
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 6th since the day prior in terms of percentage price change.
This move is a reversal from the hour prior, which saw price move up.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 10th since the previous day in terms of percentage price change.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.