Hang Seng (HSI) Down 0.12%, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart
Relative to other instruments in the equity indices asset class, hang seng ranked 8th since the day prior in terms of percentage price change.
Hang Seng
(Last Updated January 18, 2021)
Welcome to the news page for Hang Seng (HSI). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On HSI, there is currently an uptrend on the 90, 30 and 14 day timeframes.
HSI Moving Averages
Across several time periods between 20 and 200 days, the trend on HSI has remained consistently bullish.
Below is a chart showing HSI’s price with its moving averages.
The View From the Weekly Timeframe
At the time of this writing, HSI’s price is up 695.64 (2.5%) from the week prior. Moreover, note that this is the 3rd week in a row HSI has seen its price head up. Regarding the trend, note that the strongest trend exists on the 5 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows HSI’s price action over the past year.
Hang Seng (HSI) 5 Day Up Streak Snapped, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart
Out of the 14 instruments in the equity indices asset class, hang seng ended up ranking 8th for the day in terms of price change relative to yesterday.
Hang Seng (HSI) Tops All equity indices, Heads Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days
Hang seng outperformed all 14 assets in the equity indices asset class since yesterday.
Hang Seng (HSI) Outperforms All equity indices; Heads Up For the 2nd Day In A Row
Hang seng outperformed all 14 assets in the equity indices asset class since the day prior.
Hang Seng (HSI) Up 0.93%; in an Uptrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move down.
Hang Seng (HSI) 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Hang Seng (HSI) Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Hang Seng (HSI) Heads Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Relative to other instruments in the equity indices asset class, hang seng ranked 3rd since the day prior in terms of percentage price change.
Hang Seng (HSI) Fares the Worst Out of equity indices, 6 Day Up Streak Ended; But Still in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Hang Seng (HSI) Moves Up For the 6th Straight Day; in an Uptrend Over Past 14 Days
Out of the 14 instruments in the equity indices asset class, hang seng ended up ranking 10th for the day in terms of price change relative to the previous day.