Hang Seng (HSI) Down $3.3 in Last 4 Hours, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Hang Seng 4 Hour Price Update

Updated July 28, 2020 03:12 AM GMT (11:12 PM EST)

Hang Seng closed the previous 4 hours down 0.01% (3.3); this denotes the 6th candle in a row a decrease has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, Hang Seng ended up ranking 7th for the four-hour candle in terms of price change relative to the previous 4 hours.

Hang Seng Daily Price Recap

Hang Seng came into today down 0.41% (102.07) from the open of the previous day, marking the 2nd day in a row a decline has happened. 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. The daily price chart of Hang Seng below illustrates.

HSI

Hang Seng Technical Analysis

First things first: Hang Seng crossed below its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Hang Seng’s price has gone down 6 them.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Hang Seng for the past day were:

  • From ETXCapital:

    A Nasdaq-equivalent has officially launched in Hong Kong, as the Hang Seng Tech Index had its first day of trading. It lists 30 top tech firms, including Alibaba, but the first trading day’s been negatively impacted by international tensions. 76% of retail CFD accounts lose money

  • From MoneyTalkRadio3:

    #China’s Shanghai Composite Index fell almost 4%. Shares in Shenzhen tumbled 5% and the tech-heavy ChiNext plunged over 6%. In #HongKong, the Hang Seng Index ended the day 2.2% lower.
    4/15

  • From CN_wire:

    Hang Seng New Tech Index rises 0.8% in pre-market trading.
    China stocks hoping for foreign reserve indicators.
    #Hongkong #tech #stockmarket