Hang Seng Index (INDEXHANGSENG:HSI) Hong Kong HEFFX Trading Outlook

Hang Seng Index (INDEXHANGSENG:HSI) Hong Kong HEFFX Trading Outlook

Hang Seng Index (INDEXHANGSENG:HSI) Hong Kong 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: 24,539.16.

The projected lower bound is: 23,573.30.

The projected closing price is: 24,056.23.

HANG SENG INDEX closed down -14.961 at 24,042.020. Volume was 21% below average (neutral) and Bollinger Bands were 51% narrower than normal.

Open                High               Low                  Close                 Volume
24,143.039     24,190.141     23,991.869     24,042.020     1,387,582,848

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

Moving Averages: 10-period              50-period              200-period
Close:                      24,131.63               24,017.07              23,008.80
Volatility:               13                            13                             16
Volume:                 1,590,970,752       1,942,479,744       1,734,310,016

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 4.5% above its 200-period moving average and is in an downward trend. Volatility is low 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 bearish on .HSI and have had this outlook for the last 2 periods.

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

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 38.3631. This is not an overbought or oversold reading. The last signal was a sell 18 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 48.35. 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 19 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 -53. This is not a topping or bottoming area. The last signal was a buy 0 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 sell 13 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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