Hang Seng 4 Hour Price Update
Updated June 30, 2020 11:13 PM GMT (07:13 PM EST)
24423.3906 was the closing price of the four-hour candle for Hang Seng, resulting in the current 4 hour candle being one in which price moved down 0.38% ($93.19) from the previous 4 hours. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 6th since the previous 4 hours in terms of percentage price change.
Hang Seng Daily Price Recap
Hang Seng closed the previous day down 1.01% (248.71); this denotes the 3rd day in a row it has gone down. Out of the 8 instruments in the 8 major global equity indices asset class, Hang Seng ended up ranking 7th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Hang Seng.
Hang Seng Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Hang Seng crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 9 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Hang Seng:
- From itradeph:
Kong’s Hang Seng Index fell 1.2%Luk Fook shares hit their highest level in seven weeks following a post-earnings upgrade from HSBC, which says the worst for the Hong Kong jeweler may be over.Stock rose as much as 5.5% to HK$16.64
- From CindyWan19:
@lokinhei @SCMPNews When the Hang Seng Index collapses with the announcement of the passing of the #NationalSecurityLaw… we’ll see how business truly opposes this insidious and nefarious legislation.
- From MoneyTalkR3:
#HongKong stocks fell for the third day in a row.
The Hang Seng Index fell 249 points or 1% to 24,301
The Shanghai Composite Index was down 0.6% at 2,961.