HSBC HOLDINGS PLC-SPONS ADR (HSBC) Technical Analysis
NYSE:HSBC • US4042804066
Current stock price
HSBC Technical Rating and Analysis
Taking everything into account, HSBC scores 8 out of 10 in our technical rating. 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 85% 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 380 stocks in the same industry.
- 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 2473410 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 the 76.21 - 87.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HSBC Weekly and Daily overview Charts
HSBC Setup Rating and Analysis
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
HSBC Support and Resistance Analysis
61.90
5 important support areas can be observed.
- A support zone ranging from 80.78 to 81.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.35 to 78.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.59 from a trend line in the daily time frame.
- Support @65.13 from a horizontal line in the daily time frame.
- Support @62.53 from a trend line in the weekly time frame.
HSBC Technical Indicator Signal Analysis
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 | 85.65 | POSITIVE | HSBC has a high relative strength, it outperformed 85.65% 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 | MIXED | The current price of HSBC is below 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) | 53.72 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests HSBC has a positive trend. |
| Stochastics (14,3) | 88.76 | OVERBOUGHT | The high Stochastics value suggests HSBC may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for HSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.76 | NEUTRAL | The ADX value for HSBC suggests a possible start of a new trend. |
HSBC Chart- and CandleStick Pattern Analysis
HSBC Technicals: Chart, Performance Metrics, Trend & Indicators
84.41
-1.05 (-1.23%)
HSBC HOLDINGS PLC-SPONS ADR / HSBC TA FAQ
Can you provide the ChartMill technical rating for HSBC HOLDINGS PLC-SPONS ADR?
ChartMill assigns a technical rating of 8 / 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 HOLDINGS PLC-SPONS ADR (HSBC) stock?
HSBC HOLDINGS PLC-SPONS ADR (HSBC) has an RSI value of 53.7189. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HSBC HOLDINGS PLC-SPONS ADR?
The MACD indicator for HSBC HOLDINGS PLC-SPONS ADR (HSBC) has a value of 0.656108, indicating a bearish trend.
What is the support and resistance level for HSBC stock?
HSBC HOLDINGS PLC-SPONS ADR (HSBC) has a support level at 81.92. Check the full technical report for our detailed analysis of HSBC support and resistance levels.