HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
NYSE:HSBC - New York Stock Exchange, Inc. - US4042804066 - ADR - Currency: USD
Overall HSBC gets a technical rating of 9 out of 10. In the last year, HSBC was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that HSBC is one of the better performing stocks in the market, outperforming 84% 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 395 other stocks in this industry. HSBC outperforms 81% of them.
HSBC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HSBC is performing more or less in line with the market.
HSBC has an average volume of 1687210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month HSBC has a been trading in a tight range between 58.14 and 60.51.
Besides having an excellent technical rating, HSBC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
47.42
62.21
We found 3 important support areas.
- A support zone ranging from 57.24 to 58.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.77 from a trend line in the weekly time frame.
- A support zone ranging from 47.90 to 47.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.33 to 60.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 61.58 to 61.59. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for HSBC is neutral. |
| ChartMill Relative Strength | 84.26 | POSITIVE | HSBC has a high relative strength, it outperformed 84.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HSBC is below 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) | 50.84 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests HSBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.48 | NEUTRAL | The Stochastics value for HSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for HSBC suggests low volalility. |
| Average Directional Index/ADX (14) | 14 | NEGATIVE | The low ADX value for HSBC suggests a weak or negative 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)
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 |
|---|---|---|---|
| 60.01 | 58.13 | 1.88 (3.13%) | 25.00% |
| An entry @60.01. This is a Buy Stop order right above the resistance zone. | An exit @58.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.88 points, which is 3.13%. | For a 0.78% total portfolio risk, you can invest 25.00% 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.
58.93
+0.5 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.86%
1 Week-0.42%
2 Weeks-1.77%
1 Month-0.81%
3 Month2.01%
6 Month19.56%
12 Month35.47%
2 Year48.74%
3 Year80.38%
5 Year152.59%
10 Year31.51%
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%1.29%
ATR Inc19.22%
Range Today0.89
ADR(20)0.56
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.26
Mansfield1.25
10 Day High60.51
10 Day Low58.14
20 Day High60.51
20 Day Low58.14
52 Week High61.88
52 Week Low39.42
CS1 End58.42
CR1 Start59.33
Volume & EV
DER(3)2.49%
DER(5)1.26%
Volume2.54M
Volume Incr35.28%
Vol(5)1.78M
Vol(50)1.69M