HSBC HOLDINGS PLC. - Daily - Technical analysis published on 06/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 41.74 USD
My targets
40.79 USD (-1.09%)
38.62 USD (-6.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HSBC HOLDINGS PLC. as long as the price remains well below 41.74 USD. The sellers” bearish objective is set at 40.79 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 38.62 USD. In case of crossing, the next objective would be the support located at 34.35 USD.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HSBC HOLDINGS PLC. rating 41.24 USD. On the day, this instrument gained +1.48% and was traded between 41.07 USD and 41.44 USD over the period. The price is currently at +0.41% from its lowest and -0.48% from its highest.41.07
41.44
41.24
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this HSBC HOLDINGS PLC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.35 | 38.62 | 40.79 | 41.24 | 41.74 | 42.79 | 43.47 |
| Change (%) | -16.71% | -6.35% | -1.09% | - | +1.21% | +3.76% | +5.41% |
| Change | -6.89 | -2.62 | -0.45 | - | +0.50 | +1.55 | +2.23 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.04 | 40.32 | 40.48 | 40.76 | 40.92 | 41.20 | 41.36 |
| Camarilla | 40.52 | 40.56 | 40.60 | 40.64 | 40.68 | 40.72 | 40.76 |
| Woodie | 39.98 | 40.29 | 40.42 | 40.73 | 40.86 | 41.17 | 41.30 |
| Fibonacci | 40.32 | 40.49 | 40.59 | 40.76 | 40.93 | 41.03 | 41.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.06 | 39.85 | 40.31 | 41.10 | 41.56 | 42.35 | 42.81 |
| Camarilla | 40.42 | 40.53 | 40.65 | 40.76 | 40.87 | 40.99 | 41.10 |
| Woodie | 38.88 | 39.77 | 40.13 | 41.02 | 41.38 | 42.27 | 42.63 |
| Fibonacci | 39.85 | 40.33 | 40.63 | 41.10 | 41.58 | 41.88 | 42.35 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.09 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | -3.18 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 41.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.82 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 41.91 | |
| Zig ZAG (10): | 41.24 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 27.14 | |
| TEMA (21): | 40.87 | |
| Williams %R (14): | -47.14 | |
| Chande Momentum Oscillator (20): | 0.47 | |
| Repulse (5,40,3): | -0.9200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 1.86 |
| MA7: | 41.19 | |
| MA20: | 41.32 | |
| MA50: | 42.00 | |
| MA100: | 41.29 | |
| MAexp7: | 41.09 | |
| MAexp20: | 41.34 | |
| MAexp50: | 41.53 | |
| MAexp100: | 41.40 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -1.81% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.70% | |
| Price / MAexp100: | -0.39% |
News
Don"t forget to follow the news on HSBC HOLDINGS PLC.. At the time of publication of this analysis, the latest news was as follows:
- HSBC Holdings PLC Announces Pre Stabilisation Notice
- The Pollution Solution: US Urbanites Flee Cities for Cleaner Air and Improved Mental Health
- HSBC Bank Recognized for World Class Banking Innovation in 2019 FinTech Breakthrough Awards Program
- HSBC Named Best Savings Account for Young Adults by Money Under 30
This member declared not having a position on this financial instrument or a related financial instrument.
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