Hong Kong - Hang Seng (HASE.NDX)

Close: 20 506.00 (+189.10), Nov 1, 2024
Positive

Automatic technical analysis. Medium term, Nov 1, 2024

Hong Kong - Hang Seng has broken up from an approximate horizontal trend channel in the medium long term. This signals a continued strong development, and the index now meets support on possible reactions down towards the ceiling of the trend channel. 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 support at points 19600 and resistance at points 23000. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the index. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.16%3 278.80+0.93%
5 days-8.223.97%1 305.35-0.41%
22 days50.8610.14%1 315.60-2.97%
66 days47.2618.25%1 564.41+20.48%

More analyses of Hong Kong - Hang Seng

chart Hong Kong - Hang Seng (HASE) Candlesticks 22 Days
Candlesticks
chart Hong Kong - Hang Seng (HASE) Short term
Short term: Weak Positive
chart Hong Kong - Hang Seng (HASE) Medium term
Medium term: Positive
chart Hong Kong - Hang Seng (HASE) Long term
Long term: Hold
 


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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.

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