HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
USA - NYSE:HSBC - US4042804066 - ADR
We assign a technical rating of 9 out of 10 to HSBC. 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.
More info and screens
56.59
We found 3 important support areas.
- A support zone ranging from 65.13 to 67.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.84 from a horizontal line in the daily time frame.
- Support @57.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 72.21 to 72.21. 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 | 86.73 | POSITIVE | HSBC has a high relative strength, it outperformed 86.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HSBC is above a declining 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) | 60.59 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests HSBC has a positive trend. |
| Stochastics (14,3) | 85.9 | OVERBOUGHT | The high Stochastics value suggests HSBC may be overbought. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for HSBC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for HSBC suggests a possible start of a new trend. |
70.07
-0.3 (-0.43%)
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 9 / 10 to HSBC.
What is the trend direction for HSBC stock?
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 60.5946. This indicates that the stock is currently neutral.
What is the MACD signal for HSBC stock?
The MACD indicator for HSBC HOLDINGS PLC-SPONS ADR (HSBC) has a value of 0.405013, indicating a bearish trend.
Can you provide the buy/sell signal for HSBC HOLDINGS PLC-SPONS ADR?
The buy/sell signal for HSBC HOLDINGS PLC-SPONS ADR (HSBC) is buy as both the short term and long term trends are positive.