Hang Seng (HSI) Up 0.45%; Nears 50 Day Moving Average

The Hourly View for HSI

Last Updated April 29, 2021, 03:018 GMT

At the time of this writing, Hang Seng’s price is down -70.03 (-0.24%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Hang Seng Daily Price Recap

Hang Seng entered today at 29071.34, up 0.45% ($129.8) from the previous day. Relative to other instruments in the equity indices asset class, Hang Seng ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Hang Seng.

HSI

Hang Seng Technical Analysis

Or to view things another way, note that out of the past 10 days Hang Seng’s price has gone up 6 them.