Hang Seng (HSI) Up $15.92 On 4 Hour Chart, Started Today Up 1.42%; Breaks Above 20 Day Average
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.
Hang Seng
(Last Updated August 11, 2020)
Welcome to the news page for Hang Seng (HSI). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on HSI, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
HSI Moving Averages
HSI’s moving averages tell a multi-facted story about its trend. The 50 and 100 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 20 and 200 day averages that imply a bearish trend.
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 down $-154.19 (-0.63%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as HSI has now gone down 5 of the past 5 weeks. 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 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows HSI’s price action over the past year.
Hang Seng (HSI) Up $11.31 Over Past 4 Hours, Started Today Up 1.42%; Crosses 20 Day Moving Average
Out of the 8 instruments in the 8 major global equity indices asset class, hang seng ended up ranking 2nd for the day in terms of price change relative to yesterday.
Hang Seng (HSI) Up $385.21 in Last 4 Hours, Breaks Above 50 Day Average; Morning Star Pattern Appearing on Chart
For additional context, note that price has gone up 16 out of the past 30 days.
Hang Seng (HSI) Down $56.11 On 4 Hour Chart, Underperforms All 8 major Global Equity Indices; Came Into Today Down For the 3rd Day In A Row
Those trading within the 8 major global equity indices asset class should know that hang seng was the worst performer in the class today.
Hang Seng (HSI) Down $35.16 Over Past 4 Hours, Underperforms All 8 major Global Equity Indices; Entered Today Down For the 2nd Day In A Row
On a relative basis, hang seng was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today.
Hang Seng (HSI) Up $152.43 On 4 Hour Chart; 2 Day Up Streak Broken
That risk should show up in higher hk trading volumes vs.
Hang Seng (HSI) Up $239.06 in Last 4 Hours, Entered Today Up 0.62%; Nears 20 Day Moving Average
Hang seng outperformed all 8 assets in the 8 major global equity indices asset class since the last 4 hour candle.
Hang Seng (HSI) Up $141.73 On 4 Hour Chart, Outperforms All 8 major Global Equity Indices; Entered Today Up 2%
The nikkei and hang seng were up and the aud was … .
Hang Seng (HSI) Up $201.8 On 4 Hour Chart, Entered Today Down 0.56%; in a Downtrend Over Past 14 Days
The nikkei and hang seng were up and the aud was … .
Hang Seng (HSI) Down $233.26 in Last 4 Hours, Entered Today Down 0.47%; Breaks Below 50 Day Average
Relative to other instruments in the 8 major global equity indices asset class, hang seng ranked 4th since the previous day in terms of percentage price change.