Hang Seng (HSI) Down 0.43%; Price Base in Formation Over Past 30 Days

The Hourly View for HSI

Last Updated April 27, 2021, 02:018 GMT

Currently, Hang Seng’s price is up 4.46 (0.02%) from the hour prior. Hang Seng has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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 entered today at 28952.83, down 0.43% ($125.92) from yesterday. Out of the 14 instruments in the equity indices asset class, Hang Seng ended up ranking 13th for the day in terms of price change relative to yesterday. Below is a daily price chart of Hang Seng.

HSI

Hang Seng Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Hang Seng’s price has gone up 8 them.