Hang Seng Index (IndexHangSeng:HSI) Hong Kong Outlook

Hang Seng Index (IndexHangSeng:HSI) Hong Kong Outlook

Hang Seng Index (IndexHangSeng:HSI) Hong Kong Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 22,700.16.

The projected upper bound is: 23,810.47.

The projected lower bound is: 22,878.81.

The projected closing price is: 23,344.64.

HANG SENG INDEX closed down -16.670 at 23,331.570. Volume was 3% below average (neutral) and Bollinger Bands were 26% narrower than normal.

Open               High                Low                 Close               Volume
23,287.891    23,403.600    23,256.689    23,331.570    1,523,355,648

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

Moving Averages: 10-period               50-period              200-period
Close:                       23,194.44               22,614.92              22,151.78
Volatility:                11                             13                            18
Volume:                   1,315,697,408      1,594,018,048      1,673,676,672

Summary Hong Kong
HANG SENG INDEX is currently 5.3% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into .HSI (mildly bullish). Our trend forecasting oscillators are currently bullish on .HSI and have had this outlook for the last 19 periods.

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

HEFFX Momentum Hong Kong
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 61.6482. This is not an overbought or oversold reading. The last signal was a sell 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 63.52. 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 26 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 93. This is not a topping or bottoming area. The last signal was a sell 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 23 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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