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

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

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 3,012.03.

The projected upper bound is: 3,164.27.

The projected lower bound is: 3,015.41.

The projected closing price is: 3,089.84.

SSE COMPOSITE closed down -23.297 at 3,084.805. Volume was 12% above average (neutral) and Bollinger Bands were 14% wider than normal.

Open                 High                  Low                    Close                    Volume
3,107.381          3,112.740         3,083.593         3,084.805           185,388

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

Moving Averages: 10-period           50-period          200-period
Close:                      3,073.95             2,990.73            3,072.69
Volatility:               18                         16                        33
Volume:                 206,360               179,587             205,181

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
SSE COMPOSITE is currently 0.4% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of .SSEC at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .SSEC and have had this outlook for the last 5 periods.

HSI13

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 56.4834. This is not an overbought or oversold reading. The last signal was a sell 2 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 59.96. 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 4 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 63. This is not a topping or bottoming area. The last signal was a sell 1 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 7 period(s) ago.

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