The Hourly View for Hang Seng
- At the time of this writing, HSI’s price is up 139 (0.54%) from the hour prior.
- This is a reversal of the price action on the previous hour, in which price moved down.
- As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
- The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Hang Seng’s hourly price chart is shown below.
The Daily View for Hang Seng
- At the moment, HSI’s price is down -392.1 (-1.5%) from the day prior.
- Hang Seng has seen its price go down 10 out of the past 10 days, thus creating some compelling opportunities for bears.
- If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
- Regarding moving averages, it should first be noted that price has crossed the 100, 200 and 50 day moving averages, resulting in them so that price is now turning below them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
- Divergence between HSI’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in HSI’s price.
Below is a daily price chart of Hang Seng.
Featured Hang Seng Idea From TradingView
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