Hang Seng Daily Price Recap
23970.37 was the closing price of the day for Hang Seng, resulting in today being one in which price moved down 1.17% ($282.92) from yesterday. Those trading within the global equity indices asset class should know that Hang Seng was the worst performer in the class today. Let’s take a look at the daily price chart of Hang Seng.
Hang Seng Technical Analysis
Volatility for Hang Seng has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to sell rallies. For additional context, note that price has gone up 8 out of the past 14 days.