HSBC HOLDINGS PLC-SPONS ADR (HSBC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HSBC - US4042804066 - ADR
Taking everything into account, HSBC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, HSBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although HSBC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
58.03
We found 5 important support areas.
- A support zone ranging from 69.55 to 71.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @67.29 from a trend line in the daily time frame.
- A support zone ranging from 65.13 to 65.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @63.84 from a horizontal line in the daily time frame.
- Support @58.62 from a trend line in the weekly 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 | 89.41 | POSITIVE | HSBC has a high relative strength, it outperformed 89.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HSBC is above 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) | 68.01 | NEUTRAL | The RSI value for HSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests HSBC has a positive trend. |
| Stochastics (14,3) | 95.99 | OVERBOUGHT | The high Stochastics value suggests HSBC may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for HSBC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.96 | NEGATIVE | The low ADX value for HSBC suggests a weak or negative trend. |
74.99
-0.25 (-0.33%)
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.
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 68.011. 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 0.403328, 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.