Hang Seng (HSI) Up $55.97 On 4 Hour Chart, 4 Day Down Streak Broken; Nears 100 Day Moving Average

Hang Seng 4 Hour Price Update

Updated September 09, 2020 11:12 AM GMT (07:12 AM EST)

The choppiness in the recent four-hour candle price action of Hang Seng continues; to start the current 4 hour candle, it came in at a price of 24441.48 US dollars, up 0.23% (55.97) since the previous 4 hours. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 7th since the previous 4 hours in terms of percentage price change.

Hang Seng Daily Price Recap

Hang Seng’s 4 day negative streak has officially concluded, as the candle from yesterday closed up 0.14% (34.69). Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Hang Seng below illustrates.

HSI

Hang Seng Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Hang Seng’s price has gone down 17 of the previous 30 trading days.

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 AlphaXman2018:

    $HSI closes two days below the upper channel. Looks like this uptrend is broken and due to find its new trend. for now 24,208 looks quite strong. Hang Seng could not escape the global tech sell-off especially after new tech stocks were recently added into the composite.

  • From GondorCapital:

    Really amazed at how resilient Hang Seng is. HK is slumping towards a recession, property values has dropped significantly, Brain drain with ex pats going to Singapore or back to their home country, protests and somehow the Hang Seng is not diving …

  • From TheNickLeeson:

    In line with the holiday mood Asian stocks are mixed overnight. The Nikkei225 currently tracking a small loss whilst the Hang Seng showing a small gain of 13 points.
    Movements from this level should indicate the opening bias for the European markets.