Hang Seng 4 Hour Price Update
Updated July 23, 2020 11:14 AM GMT (07:14 AM EST)
Hang Seng is up 0.37% (93.74) since the last 4 hour candle, marking the 2nd candle in a row an upward move has occurred. Relative to other instruments in the 8 major global equity indices asset class, Hang Seng ranked 5th since the last 4 hour candle 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 25057.94 US dollars, down 2.25% (577.72) since the day prior. Those trading within the 8 major global equity indices asset class should know that Hang Seng was the worst performer in the class today. Below is a daily price chart of Hang Seng.
Hang Seng Technical Analysis
Notably, Hang Seng crossed below its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days.
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 thePandaily:
Hong Kong Hang Seng Indexes Co. will launch the Hang Seng TECH Index on July 27 to track the 30 largest eligible technology companies listed in SEHK. The tech-focused index will include @AlibabaGroup , @TencentGlobal, @meituan and @JD_Corporate . #China24x7
- From itradeph:
Tech stocks rally in Hong Kong after Hang Seng Indexes announced it will launch an index tracking the sector, July 27 launchKingdee +15% , Sunny Optical + 8.3% and Meituan Dianping +8.4%Tencent, Alibaba and Xiaomi up at least 5.5%