HSBC HOLDINGS ORD USD 0.50 (UK REG) - Daily - Technical analysis published on 07/03/2019 (GMT)
- Who voted?
- 311
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 661.2 GBX
My targets
673.8 GBX (+0.69%)
680.2 GBX (+1.64%)
My analysis
HSBC HOLDINGS ORD 0.50 (UK REG) is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 661.2 GBX. The next resistance located at 673.8 GBX is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 680.2 GBX. After this resistance, buyers could then target 710.1 GBX. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HSBC HOLDINGS ORD 0.50 (UK REG) rating 669.2 GBX. On the day, this instrument gained +0.05% with the lowest point at 667.4 GBX and the highest point at 670.8 GBX. The deviation from the price is +0.27% for the low point and -0.24% for the high point.667.4
670.8
669.2
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HSBC HOLDINGS ORD 0.50 (UK REG) chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 630.7 | 644.1 | 661.2 | 669.2 | 673.8 | 680.2 | 710.1 |
| Change (%) | -5.75% | -3.75% | -1.20% | - | +0.69% | +1.64% | +6.11% |
| Change | -38.5 | -25.1 | -8.0 | - | +4.6 | +11.0 | +40.9 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 655.2 | 658.2 | 663.6 | 666.6 | 672.0 | 675.0 | 680.4 |
| Camarilla | 666.6 | 667.4 | 668.1 | 668.9 | 669.7 | 670.4 | 671.2 |
| Woodie | 656.3 | 658.8 | 664.7 | 667.2 | 673.1 | 675.6 | 681.5 |
| Fibonacci | 658.2 | 661.4 | 663.4 | 666.6 | 669.8 | 671.8 | 675.0 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 627.5 | 634.2 | 645.6 | 652.3 | 663.7 | 670.4 | 681.8 |
| Camarilla | 651.9 | 653.6 | 655.2 | 656.9 | 658.6 | 660.2 | 661.9 |
| Woodie | 629.8 | 635.4 | 647.8 | 653.5 | 666.0 | 671.6 | 684.0 |
| Fibonacci | 634.2 | 641.1 | 645.4 | 652.3 | 659.2 | 663.5 | 670.4 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.50 | |
| MACD (12,26,9): | 3.2000 | |
| Directional Movement: | 13.3 | |
| AROON (14): | 92.9 | |
| DEMA (21): | 659.1 | |
| Parabolic SAR (0,02-0,02-0,2): | 642.6 | |
| Elder Ray (13): | 11.5 | |
| Super Trend (3,10): | 648.4 | |
| Zig ZAG (10): | 669.1 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 91.70 | |
| TEMA (21): | 661.0 | |
| Williams %R (14): | -6.00 | |
| Chande Momentum Oscillator (20): | 17.9 | |
| Repulse (5,40,3): | 1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.60 |
| MA7: | 658.4 | |
| MA20: | 653.8 | |
| MA50: | 654.0 | |
| MA100: | 639.6 | |
| MAexp7: | 661.0 | |
| MAexp20: | 655.7 | |
| MAexp50: | 650.9 | |
| MAexp100: | 644.3 | |
| Price / MA7: | +1.64% | |
| Price / MA20: | +2.36% | |
| Price / MA50: | +2.32% | |
| Price / MA100: | +4.63% | |
| Price / MAexp7: | +1.24% | |
| Price / MAexp20: | +2.06% | |
| Price / MAexp50: | +2.81% | |
| Price / MAexp100: | +3.86% |
News
Don"t forget to follow the news on HSBC HOLDINGS ORD 0.50 (UK REG). At the time of publication of this analysis, the latest news was as follows:
- HSBC BANK PLC - Form 8.5 (EPT/RI) - BCA Marketplace plc
- HSBC BANK PLC - Form 8.5 (EPT/RI) - BCA Marketplace plc
- Form 8.5 (EPT/RI) - HSBC BANK PLC - BCA Marketplace Plc
- Form 8.5 (EPT/RI) - HSBC BANK PLC - BCA Marketplace Plc
- Form 8.5 (EPT/RI) - HSBC Bank Plc - BCA Marketplace plc
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis HSBC HOLDINGS ORD USD 0.50 (UK REG) - Daily