Hang Seng (HSI) Down $5.48 On 4 Hour Chart, Outperforms All 8 major Global Equity Indices; Nears 20 Day Moving Average

Hang Seng 4 Hour Price Update

Updated July 24, 2020 11:12 PM GMT (07:12 PM EST)

Hang Seng closed the previous 4 hours down 0.02% (5.48); this denotes the 3rd candle in a row a decrease has occurred. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 3rd since the previous 4 hours in terms of percentage price change.

Hang Seng Daily Price Recap

The choppiness in the recent daily price action of Hang Seng continues; to start today, it came in at a price of 25263 US dollars, up 0.82% (205.06) since yesterday. Hang Seng outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. Congrats to its holders! The daily price chart of Hang Seng below illustrates.

HSI

Hang Seng Technical Analysis

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. For another vantage point, consider that Hang Seng’s price has gone up 5 of the previous 10 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Over on Twitter, here were the top tweets about Hang Seng:

  • From MrBeboes:

    @michaelsantoli USA stock exchange we are the King, FTSE rolled over 2 months ago, Hang Seng could get over 26k , now at 25k, rolled over,, Nikkei 23k nope failed, and lower everyday this week, Germany and US holding the fort

  • From MoneyTalkR3:

    #HongKong shares saw their worst falls in six weeks with investors spooked by a record jump in infections in the city and an escalation of #US- #China tensions. The Hang Seng Index sank 578 points or 2.3%, to 25,057.
    10/15

  • From prchovanec:

    It’s worth noting that while the Shanghai stock market may be up +9.0% year-to-date, Hong Kong’s Hang Seng index is down -10.4% so far this year. There seems to be some doubt about the city’s future.