Euro Stoxx 50 (SX5E) Down 0.46%, Eyes 20 Day Average; Doji and Pin Bar Patterns Appearing on Chart
Or to view things another way, note that out of the past 14 days euro stoxx 50’s price has gone up 9 them.
Euro Stoxx 50
(Last Updated January 23, 2021)
Welcome to the news page for Euro Stoxx 50 (SX5E). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On SX5E, there is currently an uptrend on the 90 and 30 day timeframes.
SX5E Moving Averages
Across several time periods between 20 and 200 days, the trend on SX5E has remained consistently bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, SX5E’s price is up 18.8 (0.52%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. 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. The weekly chart below shows SX5E’s price action over the past year.
Euro Stoxx 50 (SX5E) 2 Day Down Streak Ended, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
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) Down 0.53%
Price action traders may also wish to note that we see a pin bar candlestick pattern on euro stoxx 50.
Euro Stoxx 50 (SX5E) Down 0.53%
Of note is that the 100 hour changed directions on sx5e; it is now pointing down.
Euro Stoxx 50 (SX5E) 5 Day Up Streak Broken
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.
Euro Stoxx 50 (SX5E) Moves Up For the 5th Straight Day; Pin Bar Pattern Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Euro Stoxx 50 (SX5E) Heads Up For the 4th Straight Day
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Euro Stoxx 50 (SX5E) Moves Up For the 3rd Straight Day, Price Base in Formation Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart
Relative to other instruments in the equity indices asset class, euro stoxx 50 ranked 10th since yesterday in terms of percentage price change.
Euro Stoxx 50 (SX5E) Up 0.11%, Price Base in Formation Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart
For another vantage point, consider that euro stoxx 50’s price has gone up 7 of the previous 10 trading days.
Euro Stoxx 50 (SX5E) Moves Up For the 2nd Straight Day; Crosses 20 Day Moving Average
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.