Hong Kong - Hang Seng (HASE.NDX)

Close: 19 230.00 (-371.14), Nov 22, 2024
Weak Negative

Liquidity risk: Volatility risk:

Overall analysis

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

Recommendation one to six months: Weak Negative

Short term

Hong Kong - Hang Seng has broken the falling trend channel down in the short term, which indicates an even stronger falling rate. The index has support at points 18000 and resistance at points 20000. The index is assessed as technically negative for the short term.

Recommendation one to six weeks: Negative

Medium term

Hong Kong - Hang Seng is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index has met the objective at 19719 after a break of the inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index has broken down through support at points 19600. This predicts a further decline. In case of positive reactions, there will now be resistance at points 19600. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold

Long term

Hong Kong - Hang Seng is in a falling trend channel in the long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The index is moving within a rectangle formation between support at 15028 and resistance at 23133. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 14800 and resistance at points 22600. Volume has previously been high at price tops and low at price bottoms. This weakens the falling trend and could be an early signal of a coming trend break. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.17%3 237.60-1.89%
5 days-36.554.02%2 616.12-1.01%
22 days-24.4710.28%2 485.80-7.37%
66 days39.3019.31%2 185.98+10.33%
 


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.

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