HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HSBC - US4042804066 - ADR
Overall HSBC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HSBC is showing a nice and steady performance.
Although HSBC has an excellent technical rating, it does not offer a high quality setup 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.
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59.00
When analyzing the support we can see 6 important areas.
- Support @76.44 from a trend line in the daily time frame.
- A support zone ranging from 71.95 to 72.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.79 from a horizontal line in the daily time frame.
- A support zone ranging from 65.13 to 65.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @63.84 from a horizontal line in the daily time frame.
- Support @59.60 from a trend line in the weekly time frame.
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 | 90.8 | POSITIVE | HSBC has a high relative strength, it outperformed 90.8% 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) | 63.9 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HSBC has a negative trend. |
| Stochastics (14,3) | 55.81 | NEUTRAL | The Stochastics value for HSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for HSBC suggests low volalility. |
| Average Directional Index/ADX (14) | 37.13 | POSITIVE | The high ADX value value for HSBC suggests a strong trend. |
80.19
-0.3 (-0.37%)
HSBC HOLDINGS PLC-SPONS ADR / HSBC FAQ
Can you provide the ChartMill technical rating for HSBC HOLDINGS PLC-SPONS ADR?
ChartMill assigns a technical rating of 10 / 10 to HSBC.
Can you provide the trend direction for HSBC HOLDINGS PLC-SPONS ADR?
The current trend direction for HSBC HOLDINGS PLC-SPONS ADR (HSBC) is Bullish.
What is the RSI signal for HSBC stock?
HSBC HOLDINGS PLC-SPONS ADR (HSBC) has an RSI value of 63.9003. This indicates that the stock is currently neutral.
What is the short term momentum for HSBC stock?
The short term momentum for HSBC HOLDINGS PLC-SPONS ADR (HSBC) is positive.
What is the buy/sell signal for HSBC stock?
The buy/sell signal for HSBC HOLDINGS PLC-SPONS ADR (HSBC) is buy as both the short term and long term trends are positive.