Euro Stoxx 50 (SX5E) Up 1.3%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
This move is a reversal from the hour prior, which saw price move down.
Euro Stoxx 50
(Last Updated November 25, 2020)
Hello! This is the news page for Euro Stoxx 50. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 30 and 14 day timeframes, we see an uptrend in place for SX5E.
SX5E Moving Averages
SX5E’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, implying a upward trend, aside from a drop about 6 months prior.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, SX5E’s price is up $40.38 (1.16%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as SX5E has now gone up 4 of the past 5 weeks. 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 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows SX5E’s price action over the past year.
Euro Stoxx 50 (SX5E) Down 0.13%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Euro Stoxx 50 (SX5E) Up 0.45%; in an Uptrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.
Euro Stoxx 50 (SX5E) Up 0.45%; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Euro Stoxx 50 (SX5E) 4 Day Up Streak Ended; in an Uptrend Over Past 14 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on sx5e.
Euro Stoxx 50 (SX5E) Up 0.39%; in an Uptrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Euro Stoxx 50 (SX5E) Up 0.07%; in an Uptrend Over Past 14 Days
Out of the 14 instruments in the equity indices asset class, euro stoxx 50 ended up ranking 7th for the day in terms of price change relative to the previous day.
Euro Stoxx 50 (SX5E) Down 1.13%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
This is a reversal of the price action on the previous hour, in which price moved up.
Euro Stoxx 50 (SX5E) Up 0.72%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Euro Stoxx 50 (SX5E) Up 1.02%
Price action traders may also wish to note that we see a doji candlestick pattern on sx5e.