Hang Seng Index(IndexHangSeng:HSI) Hong Kong HEFFX Outlook

Hang Seng Index(IndexHangSeng:HSI) Hong Kong HEFFX Outlook

Hang Seng Index(IndexHangSeng:HSI) Hong Kong HEFFX Outlook

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 22,806.91.

The projected upper bound is: 24,196.32.

The projected lower bound is: 23,260.86.

The projected closing price is: 23,728.59.

HANG SENG INDEX closed up 136.000 at 23,710.980. Volume was 25% above average (neutral) and Bollinger Bands were 14% narrower than normal.

Open                High                Low                 Close                 Volume
23,664.529     23,751.920     23,615.391     23,710.980      1,990,274,560

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

Moving Averages: 10-period              50-period              200-period
Close:                       23,396.89             22,684.06             22,195.98
Volatility:                8                             13                               18
Volume:                  1,705,886,976      1,657,675,648      1,688,503,936

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 Hong Kong
HANG SENG INDEX is currently 6.8% 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 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 23 periods. Our momentum oscillator is currently indicating that .HSI is currently in an overbought condition.

Hong Kong, Index, HEFFX, HSI, Hang Seng, Asia, China, 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 83.1798. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 7 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 71.39. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 30 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 154.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. 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 buy 27 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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