HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
USA - NYSE:HSBC - US4042804066 - ADR
69.98 USD
+0.25 (+0.36%)
69.98 USD
0 (0%)
We assign a technical rating of 10 out of 10 to HSBC. Both in the recent history as in the last year, HSBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that HSBC is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by HSBC over the past year are nicely spread over this period.
HSBC is part of the Banks industry. There are 392 other stocks in this industry. HSBC outperforms 94% of them.
A new 52 week high is currently being made by HSBC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month HSBC has a been trading in the 63.55 - 70.26 range, which is quite wide. It is currently trading near the high of this range.
HSBC has an average volume of 1412400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although HSBC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.38
70.69
5 important support areas can be observed.
- A support zone ranging from 66.52 to 67.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @63.84 from a horizontal line in the daily time frame.
- A support zone ranging from 61.30 to 61.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.27 from a horizontal line in the daily time frame.
- Support @55.94 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 69.99 to 69.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HSBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HSBC is up. |
| ChartMill Relative Strength | 87.18 | POSITIVE | HSBC has a high relative strength, it outperformed 87.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HSBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HSBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HSBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.58 | OVERBOUGHT | The high RSI value suggests HSBC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests HSBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.02 | OVERBOUGHT | The high Stochastics value suggests HSBC may be overbought. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for HSBC suggests low volalility. |
| Average Directional Index/ADX (14) | 34 | POSITIVE | The high ADX value value for HSBC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
69.98
+0.25 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.36%
1 Week0.76%
2 Weeks5.98%
1 Month6.55%
3 Month15.06%
6 Month21.14%
12 Month53.4%
2 Year77.34%
3 Year168.43%
5 Year257.41%
10 Year84.74%
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%1.17%
ATR Inc-45.66%
Range Today0.4
ADR(20)0.6
ADR(20)%0.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.18
Mansfield1.29
10 Day High70.26
10 Day Low65.85
20 Day High70.26
20 Day Low63.55
52 Week High70.26
52 Week Low43.81
CS1 End67.01
CR1 Start69.99
Volume & EV
DER(3)-3.49%
DER(5)-2.38%
Volume1.22M
Volume Incr3.86%
Vol(5)1.32M
Vol(50)1.41M