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
(Last Updated January 26, 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
A trend/countertrend situation exists on SX5E, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 and 30 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
SX5E Moving Averages
SX5E’s moving averages suggest the trend on a number of time horizons is bullish.
Below is a chart showing SX5E’s price with its moving averages.
The View From the Weekly Timeframe
Currently, SX5E’s price is down -49.27 (-1.37%) 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. 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.
Euro Stoxx 50 (SX5E) Up 1.02%
Price action traders may also wish to note that we see a doji candlestick pattern on sx5e.
Euro Stoxx 50 (SX5E) Up 7.02%; Breaks Above 50 and 100 Day Averages
It’s been a feast for bulls operating on an hourly timeframe, as sx5e has now gone up 5 of the past 5 hours.
Euro Stoxx 50 (SX5E) 4 Day Up Streak Snapped, Eyes 50 Day Average; Pin Bar Pattern Appearing on Chart
Or to view things another way, note that out of the past 14 days euro stoxx 50’s price has gone down 9 them.
Euro Stoxx 50 (SX5E) Heads Up For the 4th Straight Day; Breaks Above 200 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
Euro Stoxx 50 (SX5E) Moves Up For the 3rd Straight Day, Crosses 20 Day Moving Average; in a Downtrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Euro Stoxx 50 (SX5E) Heads Up For the 2nd Consecutive Day; in a Downtrend Over Past 14 Days
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) Up 2.07%; in a Downtrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on sx5e.
Euro Stoxx 50 (SX5E) Down 0.06%; in a Downtrend Over Past 14 Days
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) Moves Down For the 4th Day In A Row, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that euro stoxx 50’s price has gone down 9 of the previous 14 trading days.