HSBC HOLDINGS PLC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	HSBC
ISIN:

HSBC HOLDINGS PLC. - Daily - Technical analysis published on 09/18/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

72%

28%

My opinion

Bullish above 37.99 USD

My targets

40.45 USD (+5.61%)

42.09 USD (+9.90%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for HSBC HOLDINGS PLC. as long as the price remains well above 37.99 USD. The buyers” bullish objective is set at 40.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42.09 USD. If there is any crossing, the next objective would be the resistance located at 42.79 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 40.45 USD. On this resistance, against the trend traders who would like to go short on HSBC HOLDINGS PLC. with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

2.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 38.30 USD. On the day, this instrument lost -0.23% and was between 38.00 USD and 38.35 USD. This implies that the price is at +0.79% from its lowest and at -0.13% from its highest.

38.00

38.35

38.30

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by HSBC HOLDINGS PLC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of HSBC HOLDINGS PLC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Black evening star

Type : Bearish

Timeframe : Daily

Abandoned baby evening star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35.55	36.56	37.99	38.30	40.45	42.09	42.79
Change (%)	-7.18%	-4.54%	-0.81%	-	+5.61%	+9.90%	+11.72%
Change	-2.75	-1.74	-0.31	-	+2.15	+3.79	+4.49
Level	Major	Intermediate	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.99	38.16	38.28	38.45	38.56	38.74	38.85
Camarilla	38.31	38.34	38.36	38.39	38.42	38.44	38.47
Woodie	37.96	38.15	38.25	38.43	38.53	38.72	38.82
Fibonacci	38.16	38.27	38.34	38.45	38.56	38.63	38.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.54	36.32	37.73	38.51	39.92	40.70	42.11
Camarilla	38.54	38.74	38.94	39.14	39.34	39.54	39.74
Woodie	35.86	36.48	38.05	38.67	40.24	40.86	42.43
Fibonacci	36.32	37.16	37.67	38.51	39.35	39.86	40.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.77	32.56	34.23	37.03	38.69	41.49	43.16
Camarilla	34.67	35.08	35.49	35.90	36.31	36.72	37.13
Woodie	29.20	32.28	33.67	36.74	38.13	41.21	42.60
Fibonacci	32.56	34.27	35.32	37.03	38.73	39.78	41.49

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.36
MACD (12,26,9):	0.2500
Directional Movement:	5.39
AROON (14):	78.57
DEMA (21):	37.63
Parabolic SAR (0,02-0,02-0,2):	37.42
Elder Ray (13):	0.43
Super Trend (3,10):	37.68
Zig ZAG (10):	38.30
VORTEX (21):	0.9600
Stochastique (14,3,5):	82.72
TEMA (21):	38.46
Williams %R (14):	-25.16
Chande Momentum Oscillator (20):	2.34
Repulse (5,40,3):	0.9100
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	13.59

MA7:	38.39
MA20:	36.89
MA50:	38.24
MA100:	39.72
MAexp7:	38.21
MAexp20:	37.54
MAexp50:	38.09
MAexp100:	38.96
Price / MA7:	-0.23%
Price / MA20:	+3.82%
Price / MA50:	+0.16%
Price / MA100:	-3.58%
Price / MAexp7:	+0.24%
Price / MAexp20:	+2.02%
Price / MAexp50:	+0.55%
Price / MAexp100:	-1.69%

News

The latest news and videos published on HSBC HOLDINGS PLC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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