HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
NYSE:HSBC • US4042804066
Taking everything into account, HSBC scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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. On top of that, HSBC also shows a nice and consistent pattern of rising prices.
- HSBC is one of the better performing stocks in the Banks industry, it outperforms 93% of 379 stocks in the same industry.
- HSBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month HSBC has a been trading in the 83.93 - 90.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- HSBC has an average volume of 2056650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HSBC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 87.58, a Stop Loss order could be placed below this zone.
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64.48
We found 5 important support areas.
- A support zone ranging from 87.00 to 87.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 85.15 to 85.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.73 from a trend line in the weekly time frame.
- A support zone ranging from 73.08 to 74.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @90.72 from a horizontal line in the daily 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 | 87.34 | POSITIVE | HSBC has a high relative strength, it outperformed 87.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HSBC is below 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) | 55.46 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests HSBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.4 | NEUTRAL | The Stochastics value for HSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for HSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.39 | POSITIVE | The high ADX value value for HSBC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 90.73 | 86.99 | 3.74 (4.12%) | 24.26% |
| An entry @90.73. This is a Buy Stop order right above the resistance zone. | An exit @86.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.74 points, which is 4.12%. | For a 1.00% total portfolio risk, you can invest 24.26% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
87.88
+0.48 (+0.55%)
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 55.4579. 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.