HANG SENG INDEX (INDEXHANGSENG:HSI) HEFFX Trading Outlook

HANG SENG INDEX (INDEXHANGSENG:HSI) HEFFX Trading Outlook

HANG SENG INDEX (INDEXHANGSENG:HSI) HEFFX Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 24,971.67.

The projected lower bound is: 23,977.44.

The projected closing price is: 24,474.55.

HANG SENG INDEX closed up 316.459 at 24,455.939. Volume was 10% above average (neutral) and Bollinger Bands were 48% narrower than normal.

Open                High                 Low                 Close                Volume
24,204.779     24,455.939     24,201.910     24,455.939     1,938,859,648

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

Moving Averages: 10-period             50-period              200-period
Close:                       24,137.06             24,048.78             23,045.63
Volatility:                15                           13                            16
Volume:                  1,525,281,920      1,902,003,712      1,732,349,952

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 is currently 6.1% 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 volume flowing into and out of .HSI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .HSI and have had this outlook for the last 1 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

Asia, China, Hong Kong, Hang Seng, Index, HEFFX, Shayne Heffernan, Outlook

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 75.5964. This is not an overbought or oversold reading. The last signal was a sell 20 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 58.96. 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 21 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 118.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 2 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 sell 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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