Hang Seng (HSI) Down $233.26 in Last 4 Hours, Entered Today Down 0.47%; Breaks Below 50 Day Average

Hang Seng 4 Hour Price Update

Updated August 03, 2020 07:13 AM GMT (03:13 AM EST)

Hang Seng came into the current 4 hour candle down 0.95% (233.26) from the open of the last 4 hour candle, marking the 3rd candle in a row it has gone down. Those trading within the 8 major global equity indices asset class should know that Hang Seng was the worst performer in the class the current 4 hour candle.

Hang Seng Daily Price Recap

Hang Seng is down 0.47% (115.24) since the previous day, marking the 2nd day in a row it has gone down. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 4th since the previous day in terms of percentage price change. Here is a daily price chart of Hang Seng.

HSI

Hang Seng Technical Analysis

Notably, Hang Seng crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. 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 down 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Hang Seng:

  • From drivelcast:

    @outonbluesix My favourite Exciting-Theme-For-Not-So-Excitng-Show is Jimmy Smith’s Carpetbagger Theme on The Money Programme. Music that promises a gripping spy thriller, and certainly not a rather dry look at how the Hang Seng Index is undergoing mild fluctuations due to low derivative yields

  • From trader_paola:

    @EricBalchunas Hi, do you know if there are ETFs that tracks STAR 50 or Hang Seng Tech Index? I have been searching, so far with no luck. Any insights are appreciated. 😊

  • From sreerama2025:

    @dtbhat @flyingvikas129 On Monday Hang seng will be bearish