Hang Seng (HSI) Down 0.21%, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days

Hang Seng Daily Price Recap

Hang Seng entered today at 24330.02 in US dollars, down 0.21% ($49.98) from the day prior. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 5th since the day prior in terms of percentage price change. Let’s take a look at the 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. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Hang Seng’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Hang Seng:

  • From Steel_Donkey:

    Crude oil now $13.50 – DOWN 40% from when Trump bragged abt propping it up! Exactly 2 months ago, it was $52!Am REALLY curious re stocks! NO understanding of why haven’t fallen more! I don’t just mean Wall St – Nikkei, FTSE, Hang Seng, you name it.Surely a plummet is coming?

  • 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:

    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.