Hang Seng (HSI) 2 Day Down Streak Broken; in a Downtrend Over Past 90 Days

Hang Seng Daily Price Recap

Hang Seng entered today at 24380 in US dollars, up 1.56% ($373.55) from yesterday. On a relative basis, Hang Seng was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. Here is a daily price chart of Hang Seng.

Hang Seng Technical Analysis

Volatility for Hang Seng has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Hang Seng’s price has gone up 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to Hang Seng:

  • From poojamalhotra21:

    On the global front, US Index, S&P500 opened at 2805 but failed to rise and closed at 2799. Hong Kong Index, Hang Seng opened at 24481, near its previous day close, made a high of 24673 and closed at 24568. Japan Index, Nikkei opened at 19530 and made a high of 19882.

  • From kooljoe_44:

    @sabineyoussef86 China Mobile shares fell 2.7% in Hong Kong trading Monday, compared with a 4.9% slump for the benchmark Hang Seng Index. China Telecom slid 6.3%, while China Unicom declined 6.4%.While the drop in users is unusual, the total is small relative to total wireless subscriptions

  • From JA3RATHOD:

    Stocks
    Futures on the S&P 500 dipped 0.7% as of 9:09 a.m. in Tokyo. The gauge rose 2.7% on Friday.
    Japan’s Topix index slipped 0.6%.
    Australia’s S&P/ASX 200 Index fell 0.5%.
    South Korea’s Kospi index lost 0.2%.
    Hang Seng futures dipped 0.3% late Friday.