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 22,337.44.
The projected upper bound is: 23,005.78.
The projected lower bound is: 21,861.70.
The projected closing price is: 22,433.74.
HANG SENG INDEX closed up 322.219 at 22,456.689. Volume was 11% above average (neutral) and Bollinger Bands were 32% wider than normal.
Open High Low Close Volume
22,302.641 22,483.010 22,230.311 22,456.689 1,887,270,400
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 21,903.76 22,497.24 21,897.84
Volatility: 13 16 19
Volume: 1,724,734,080 1,672,458,240 1,700,711,808
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 gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
HANG SENG INDEX is currently 2.6% 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 12 periods.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 93.2002. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 5 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 56.04. 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 5 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 129.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 5 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 buy 2 period(s) ago.
Latest posts by John Heffernan (see all)
- HANG SENG INDEX(INDEXHANGSENG:HSI) Hong Kong HEFFX Outlook - February 27, 2017
- SSE Composite Index(SHA:000001) Shanghai HEFFX Outlook - February 27, 2017
- US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook - February 27, 2017