HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
USA - NYSE:HSBC - US4042804066 - ADR
66.46 USD
+0.54 (+0.82%)
66.5 USD
+0.04 (+0.06%)
We assign a technical rating of 8 out of 10 to HSBC. In the last year, HSBC was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month HSBC has a been trading in the 65.87 - 72.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that HSBC is one of the better performing stocks in the market, outperforming 86% 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 391 other stocks in this industry. HSBC outperforms 96% of them.
HSBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HSBC is lagging the market slightly.
HSBC has an average volume of 1369150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although HSBC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
56.10
72.93
3 important support areas can be observed.
- A support zone ranging from 65.92 to 66.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.43 from a horizontal line in the weekly time frame.
- Support @56.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important 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 | DOWN | NEGATIVE | The short term trend for HSBC is down. |
| ChartMill Relative Strength | 86.02 | POSITIVE | HSBC has a high relative strength, it outperformed 86.02% 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 | 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) | 40.5 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests HSBC has a negative trend. |
| Stochastics (14,3) | 4.93 | OVERSOLD | The low Stochastics value suggests HSBC may be oversold. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for HSBC suggests low volalility. |
| Average Directional Index/ADX (14) | 32.97 | POSITIVE | The high ADX value value for HSBC suggests a strong 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)
66.46
+0.54 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.82%
1 Week-7.04%
2 Weeks-5.69%
1 Month-4.31%
3 Month5.79%
6 Month26.59%
12 Month48.61%
2 Year82.93%
3 Year156.5%
5 Year216.78%
10 Year70.1%
15 YearN/A
Volatility
ATR(14)1.25
ATR(20)%1.65%
ATR Inc-4.93%
Range Today0.57
ADR(20)0.68
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.02
Mansfield0.62
10 Day High72.21
10 Day Low65.87
20 Day High72.21
20 Day Low65.87
52 Week High72.21
52 Week Low43.97
CS1 End66.21
CR1 Start72.21
Volume & EV
DER(3)-3.23%
DER(5)-2.96%
Volume1.73M
Volume Incr43.14%
Vol(5)2.04M
Vol(50)1.37M