Hang Seng Index (HSI.HK)

Close: 26 819.00 (+149.70), Nov 26, 2020
Positive

Low risk

Automatic technical analysis. Medium term, Nov 26, 2020

Hang Seng Index has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The moving average indicator has given a positive signal. In isolation, this signals a continued rise, but the slowness of the indicator often means that one has lost much of the upside. The index has broken up through the resistance at points 26300. This predicts a further rise. In case of negative reactions, there will now be support at points 26300. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Hang Seng Index. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 62)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.96%0.00+0.56%
5 days0.003.27%0.00+1.75%
22 days0.008.50%0.00+8.20%
66 days0.0015.85%0.00+4.96%

More analyses of Hang Seng Index

chart Hang Seng Index (HSI) Candlesticks 22 Days
Candlesticks
chart Hang Seng Index (HSI) Short term
Short term: Positive
chart Hang Seng Index (HSI) Medium term
Medium term: Positive
chart Hang Seng Index (HSI) Long term
Long term: Weak Negative
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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