Hang Seng (HSI) Down 0.04%; Doji Pattern Appearing on Chart

The Hourly View for HSI

Last Updated April 28, 2021, 03:018 GMT

At the moment, Hang Seng’s price is up 28.01 (0.1%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Hang Seng has now gone up 4 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Of note is that the 200 hour changed directions on HSI; it is now pointing up. 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 closed yesterday down 0.04% (11.29); this denotes the 2nd day in a row a decrease has occurred. Out of the 14 instruments in the equity indices asset class, Hang Seng ended up ranking 8th for the day in terms of price change relative to yesterday. The daily price chart of Hang Seng below illustrates.


Hang Seng Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Hang Seng’s price has gone up 8 of the previous 14 trading days. As for those who trade off of candlesticks, we should note that we’re seeing doji pattern appearing here.