(Last Updated February 24, 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:
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for SX5E.
The moving averages on SX5E indicate a trend that is clearly bullish.
The chart below illustrates.
Currently, SX5E’s price is down -24.36 (-0.66%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. 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. SX5E’s weekly price action over the past 52 weeks can be seen via the chart below.
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.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Out of the 14 instruments in the equity indices asset class, euro stoxx 50 ended up ranking 8th for the day in terms of price change relative to yesterday.
Out of the 14 instruments in the equity indices asset class, euro stoxx 50 ended up ranking 8th for the day in terms of price change relative to yesterday.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 12th since the previous day in terms of percentage price change.
Of note is that the 20 hour changed directions on sx5e; it is now pointing up.
Out of the 14 instruments in the equity indices asset class, euro stoxx 50 ended up ranking 3rd for the day in terms of price change relative to the previous day.
It’s been a feast for bears operating on an hourly timeframe, as euro stoxx 50 has now gone down 4 of the past 5 hours.
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 day prior in terms of percentage price change.