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.


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.