Hang Seng Technical Analysis Introduction
Looking for Hang Seng Moneycotnrol Technical Analysis Daily? You are at right Place. Hang Seng is one of the most popular stock market indices in Asia, tracking the performance of the top 50 companies listed on the Hong Kong Stock Exchange. Technical analysis of the Hang Seng index involves studying past market data, particularly price and volume, to identify trends, patterns, and potential trading opportunities.
Here are some key technical analysis indicators and tools that traders often use to analyze the Hang Seng index:
- Trend lines: Trend lines are used to identify the direction of the overall trend in the Hang Seng index. A trend line is drawn by connecting two or more significant price points on a chart. An uptrend is characterized by higher highs and higher lows, while a downtrend is characterized by lower highs and lower lows.
- Moving averages: Moving averages are used to smooth out price fluctuations and identify the direction of the trend. The most commonly used moving averages are the 50-day and 200-day moving averages. When the shorter-term moving average crosses above the longer-term moving average, it is a bullish signal, and when the shorter-term moving average crosses below the longer-term moving average, it is a bearish signal.
- Support and resistance levels: Support and resistance levels are price levels where the Hang Seng index has historically found support or resistance. Support levels are where buyers are expected to enter the market, while resistance levels are where sellers are expected to enter the market. Traders use these levels to identify potential entry and exit points for their trades.
- Relative strength index (RSI): The RSI is a momentum oscillator that measures the strength of the trend. When the RSI is above 70, it is considered overbought, and when it is below 30, it is considered oversold. Traders use the RSI to identify potential buy and sell signals.
- Fibonacci retracements: Fibonacci retracements are used to identify potential levels of support and resistance based on the Fibonacci sequence. The most commonly used retracement levels are 38.2%, 50%, and 61.8%.
Overall, technical analysis of the Hang Seng index can help traders identify potential trading opportunities and manage their risk. However, it is important to note that technical analysis should be used in conjunction with fundamental analysis to make informed trading decisions.
Hang Seng Technical Analysis – Daily
| Summery | |||
|---|---|---|---|
| Moving Averages | SELL | Buy (3) | Sell (9) |
| Technical Indicators | Strong SELL | Buy (1) | Sell (6) |
Hang Seng Moving Averages- Daily
| Period | Simple | Exponential |
|---|---|---|
| MA5 | 18411.10 Sell | 18417.89 Sell |
| MA10 | 18463.45 Sell | 18450.11 Sell |
| MA20 | 18500.04 Sell | 18429.69 Sell |
| MA50 | 18232.13 Buy | 18321.13 Buy |
| MA100 | 18190.93 Buy | 18400.63 Sell |
| MA200 | 18838.52 Sell | 18598.40 Sell |
| Buy: 3 Sell: 9 Summary:SELL | ||
Technical Indicators – Daily
| Name | Value | Action |
|---|---|---|
| RSI(14) | 49.784 | Neutral |
| STOCH(9,6) | 97.034 | Overbought |
| STOCHRSI(14) | 4.777 | Oversold |
| MACD(12,26) | 50.150 | Buy |
| ADX(14) | 31.726 | Sell |
| Williams %R | -4.167 | Overbought |
| CCI(14) | -132.4608 | Sell |
| ATR(14) | 109.6786 | Less Volatility |
| Highs/Lows(14) | -74.4821 | Sell |
| Ultimate Oscillator | 42.768 | Sell |
| ROC | -0.422 | Sell |
| Bull/Bear Power(13) | -180.1540 | Sell |
| Buy: 1 Sell: 6 Neutral: 1 Summary:STRONG SELL | ||
Hang Seng Pivot Points- Daily
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 18246.16 | 18302.83 | 18340.66 | 18397.33 | 18435.16 | 18491.83 | 18529.66 |
| Fibonacci | 18302.83 | 18338.93 | 18361.23 | 18397.33 | 18433.43 | 18455.73 | 18491.83 |
| Camarilla | 18352.51 | 18361.17 | 18369.84 | 18397.33 | 18387.16 | 18395.83 | 18404.49 |
| Woodie’s | 18236.74 | 18298.12 | 18331.24 | 18392.62 | 18425.74 | 18487.12 | 18520.24 |
| DeMark’s | – | – | 18321.75 | 18387.88 | 18416.25 | – | – |
Disclaimer: Hang Seng Moneycontrol would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Source for data is from investing.com and we give credits to them. All CFDs (stocks, indexes, futures), cryptocurrencies, and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Hang Seng Moneycontrol doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.
Hang Seng Moneycontrol or anyone involved with Hang Seng Moneycontrol will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.