(Last Updated September 18, 2020)
Welcome to the news page for Euro Stoxx 50 (SX5E). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
On SX5E, there is currently an uptrend on the 90 and 14 day timeframes.
The moving averages on SX5E summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bullish, suggesting the trend is generally upward, save for a fall that occurred about 6 months ago.
Below is a chart showing SX5E’s price with its moving averages.
At the moment, SX5E’s price is down $-4.62 (-0.14%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. Regarding the trend, note that the strongest trend 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 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 bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. SX5E’s weekly price action over the past 52 weeks can be seen via the chart below.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 9th since yesterday in terms of percentage price change.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 6th since yesterday in terms of percentage price change.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 8th since the day prior in terms of percentage price change.
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 11th since the previous day in terms of percentage price change.
For additional context, note that price has gone down 9 out of the past 14 days.