Hong Kong - Hang Seng (HASE.NDX)

Close: 17 484.00 (-159.53), Jul 23, 2024
Hold

Automatic technical analysis. Medium term, Jul 23, 2024

Hong Kong - Hang Seng is in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index has met the objective at 19064 after a break of the inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index is approaching support at 17000 points, which may give a positive reaction. However, a break downwards through 17000 points will be a negative signal. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.12%0.00-0.90%
5 days-31.013.74%562.33-1.48%
22 days-18.639.36%682.27-4.40%
66 days1.9816.82%938.09+4.56%

More analyses of Hong Kong - Hang Seng

chart Hong Kong - Hang Seng (HASE) Candlesticks 22 Days
Candlesticks
chart Hong Kong - Hang Seng (HASE) Short term
Short term: Negative
chart Hong Kong - Hang Seng (HASE) Medium term
Medium term: Hold
chart Hong Kong - Hang Seng (HASE) 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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