(Last Updated October 23, 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:
For Euro Stoxx 50, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a very slight downtrend becomes apparent.
SX5E’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bearish, suggesting the trend is generally downward, save for a spike that occurred about 3 weeks ago.
Below is a chart showing SX5E’s price with its moving averages.
At the moment, SX5E’s price is down $-55.32 (-1.71%) from the week prior. Moreover, note that the weekly chart shows that SX5E has seen 2 straight down 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. Of note is that the 20 week changed directions on SX5E; it is now pointing down. 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 6th since the day prior in terms of percentage price change.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
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 the previous day.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
This is 2nd hour in a row sx5e has seen its price head down.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
For additional context, note that price has gone up 7 out of the past 14 days.
On a relative basis, euro stoxx 50 was the worst performer out of all 14 of the assets in the equity indices asset class today.