Hang Seng Index (INDEXHANGSENG:HSI) Trading Outlook

Hang Seng Index (INDEXHANGSENG:HSI) Trading Outlook

Hang Seng Index(INDEXHANGSENG:HSI) Trading Outlook

HEFFX Notes Hang Seng Index

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 21,902.92.

The projected upper bound is: 23,678.83.

The projected lower bound is: 22,467.24.

The projected closing price is: 23,073.03.

HANG SENG INDEX closed up 194.770 at 23,016.109. Volume was 5% below average (neutral) and Bollinger Bands were 17% narrower than normal.

Open                 High                  Low                   Close                Volume
22,945.080     23,073.520       22,898.779      23,016.109      1,635,903,104

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

Moving Averages: 10-period                  50-period              200-period
Close:                       22,913.97                  21,806.34              20,943.72
Volatility:                11                                18                            24
Volume:                   1,809,026,688        1,780,150,272       1,695,290,752

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 Index
HANG SENG INDEX is currently 9.9% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .HSI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .HSI and have had this outlook for the last 59 periods.

Hang, Seng, Index, HSI, Outlook, HEFFX, Shayne Heffernan, Hong Kong, Hang Seng Index

HEFFX Momentum Hang Seng Index
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 61.5861. This is not an overbought or oversold reading. The last signal was a sell 9 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 65.43. 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 sell 7 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 86. This is not a topping or bottoming area. The last signal was a sell 7 period(s) ago.

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

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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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