Hang Seng Bank (HKG:0011) In A Trading Slump

Hang Seng Bank (HKG:0011) In A Trading Slump

Hang Seng Bank (HKG:0011) In A Trading Slump

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  • Hang Seng Bank Posted Solid 2016 Results
  • Hong Kong Hang Seng Up 0.15% On Wall Street Cues

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 159.19.

The projected upper bound is: 166.21.

The projected lower bound is: 157.64.

The projected closing price is: 161.93.

HANG SENG BANK closed down -1.600 at 161.900. Volume was 29% below average (neutral) and Bollinger Bands were 40% wider than normal.

Open            High            Low             Close          Volume
162.000      163.000      161.400      161.900      813,965

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

Moving Averages: 10-period      50-period      200-period
Close:                       163.13            158.93            148.67
Volatility:                14                    17                    15
Volume:                   931,825         956,015         1,215,341

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.

HANG SENG BANK is currently 8.9% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into 0011.HK (mildly bullish). Our trend forecasting oscillators are currently bullish on 0011.HK and have had this outlook for the last 12 periods.

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 27.5229. 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 54.24. 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 2 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 5. This is not a topping or bottoming area. The last signal was a sell 2 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 15 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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