Hong Kong - Hang Seng (HASE.NDX)

Close: 20 098.00 (+215.16), Dec 24, 2024
Positive

Liquidity risk: Volatility risk:

Overall analysis

Hong Kong - Hang Seng is technically negative for the short term, but positive for the medium and long term.

Recommendation one to six months: Positive

Short term

Investors have accepted lower prices over time to get out of Hong Kong - Hang Seng and the index is in a falling trend channel in the short term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index has met the objective at 20346 after a break of the inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index is between support at points 19700 and resistance at points 20400. A definitive break through of one of these levels predicts the new direction. The RSI curve shows a falling trend, which supports the negative trend. The index is overall assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative

Medium term

Hong Kong - Hang Seng is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The price has risen strongly since the positive signal from the inverse head and shoulders formation at the break through resistance at 17893. The objective at 19719 is now met, but the formation still gives a signal in the same direction. The index has broken up through resistance at points 19600. This predicts a further rise. In case of negative reactions, there will now be support at points 19600. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

Hong Kong - Hang Seng shows weak development in a falling trend channel in the long term. This signals increasing pessimism among investors and indicates further decline for Hong Kong - Hang Seng. The index has broken up through resistance at points 19400. This predicts a further rise. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.17%2 206.50+1.08%
5 days-48.224.01%2 756.88+2.02%
22 days2.2210.23%2 854.05+4.52%
66 days40.5820.78%2 685.66+11.58%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

×

Please login here

 
Forgot your password?

Titlex

OK
+

Cookie consent

We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

Our use of cookies

When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

Necessary cookies

Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

Cookies from Google

We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

Allow cookies from Google