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Friday, September 17, 2021

Hong Kong: HANG SENG INDEX (.HSI) HEFFX Charts and Technicals

$HSI #HongKong #Index #HangSeng #Trading #Markets #Asia

Ticker: .HSI
Price: 23716.85

Hang Seng Index News

Stock losses have eased slightly today in Hong Kong by midday, following a rough day on Wall Street and in European markets.

At  midday, the benchmark Hang Seng Index is down by 63.36 points, or 0.26 percent  at 23,887.33. The HSI had fallen by  181.01 points earlier in the morning trading session.

Shares in HSBC (0005) are down by 2.56 perccent at HK$28.55.

The HSI shed  504 points to close at 23,950 yesterday, on main board turnover of HK$114.9 billion.

Alibaba (9988) added 1.6 percent. Xiaomi (1810) picked up 2.18 percent. However, Tencent (0700) fell by 0.1 percent.

The Hang Seng Tech Index gained by 1.55 percent to 7307.05. The SSE Composite Index fell 4.05 points or 0.12 percent. The Shenzhen Stock Exchange Index was up by 34.84 points or 0.26 percent.


HSI serves as a market benchmark that reflects the overall performance of the Hong Kong stock market. Its free float-adjusted mkt-capitalization-weighted stk-mkt index and used to record and monitor daily changes of the largest companies of the market.

Price Performance

Technical Indicators

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 24,757.80.

The projected upper bound is: 24,482.15.

The projected lower bound is: 22,881.11.

The projected closing price is: 23,681.63.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 3 falling windows in the last 50 candles–this makes the current falling window even more bearish.

Momentum Indicators

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 10.1861. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 3 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 31.23. 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 55 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 -228.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 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 sell 14 period(s) ago.

Rex Takasugi – TD Profile

HANG SENG INDEX closed down -233.840 at 23,716.850. Volume was 20% below average (neutral) and Bollinger Bands were 2% narrower than normal.

Open         High        Low          Close        Volume
23,839.670   23,908.510  23,675.619   23,716.850   1,553,227,648
Technical Outlook
Short Term:        Oversold
Intermediate Term: Bearish
Long Term:         Bearish
Moving Averages: 10-period      50-period      200-period
Close:           24,384.82      24,900.01      25,406.36
Volatility:      18             20             30
Volume:          1,562,179,968  1,749,292,416  1,994,178,944

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 INDEX gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.

HANG SENG INDEX is currently 6.6% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of .HSI (mildly bearish). Our trend forecasting oscillators are currently bearish on .HSI and have had this outlook for the last 9 periods.

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