Hang Seng Index (INDEXHANGSENG:HSI) HEFFX Trading Outlook

Hang Seng Index (INDEXHANGSENG:HSI) HEFFX Trading Outlook

Hang Seng Index (INDEXHANGSENG:HSI) HEFFX Trading Outlook

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 22,336.38.

The projected upper bound is: 22,691.93.

The projected lower bound is: 21,562.69.

The projected closing price is: 22,127.31.

HANG SENG INDEX closed up 149.840 at 22,150.400. Volume was 21% below average (neutral) and Bollinger Bands were 36% wider than normal.

Open             High              Low                Close              Volume
21,993.359   22,189.311   21,883.820   22,150.400   1,342,658,176

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period              50-period           200-period
Close:                       21,829.99             22,544.99           21,878.06
Volatility:                12                           16                         19
Volume:                   1,720,598,784    1,664,778,496    1,702,903,808

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary Hang Seng
HANG SENG INDEX is currently 1.2% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of .HSI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .HSI and have had this outlook for the last 10 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.

HEFFX Momentum Hang Seng

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 86.6431. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.98. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 3 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 23. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.

 

Photo by BarbaraWilli

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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