HSBC HOLDINGS ORD USD 0.50 (UK REG)

- GBX (-)

- 15 min delayed data - London Stock Exchange

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HSBA
ISIN:	GB0005405286

HSBC HOLDINGS ORD USD 0.50 (UK REG) - Daily - Technical analysis published on 08/13/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

HSBC HOLDINGS ORD USD 0.50 (UK REG) - Daily

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 612.6 GBX

My targets

594.0 GBX (-2.35%)

544.6 GBX (-10.47%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on HSBC HOLDINGS ORD 0.50 (UK REG) as long as the price remains well below 612.6 GBX. The sellers” bearish objective is set at 594.0 GBX. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 544.6 GBX. In case of crossing, the next objective would be the support located at 463.5 GBX. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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 ORD 0.50 (UK REG) rating 608.3 GBX. On the day, this instrument lost -0.44% and was between 606.1 GBX and 611.0 GBX. This implies that the price is at +0.36% from its lowest and at -0.44% from its highest.

606.1

611.0

608.3

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of HSBC HOLDINGS ORD 0.50 (UK REG) indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	463.5	544.6	594.0	608.3	612.6	644.1	661.2
Change (%)	-23.80%	-10.47%	-2.35%	-	+0.71%	+5.89%	+8.70%
Change	-144.8	-63.7	-14.3	-	+4.3	+35.8	+52.9
Level	Major	Minor	Major	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	577.0	591.4	601.2	615.6	625.4	639.8	649.6
Camarilla	604.4	606.6	608.8	611.0	613.2	615.4	617.7
Woodie	574.7	590.3	598.9	614.5	623.1	638.7	647.3
Fibonacci	591.4	600.6	606.4	615.6	624.8	630.6	639.8

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	587.9	604.9	613.5	630.5	639.1	656.1	664.7
Camarilla	615.0	617.3	619.7	622.0	624.4	626.7	629.0
Woodie	583.6	602.8	609.2	628.4	634.8	654.0	660.4
Fibonacci	604.9	614.7	620.8	630.5	640.3	646.4	656.1

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	626.7	640.0	648.3	661.6	669.9	683.2	691.5
Camarilla	650.8	652.7	654.7	656.7	658.7	660.7	662.6
Woodie	624.3	638.8	645.9	660.4	667.5	682.0	689.1
Fibonacci	640.0	648.2	653.3	661.6	669.8	674.9	683.2

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):	28.40
MACD (12,26,9):	-11.8000
Directional Movement:	-28.2
AROON (14):	-64.3
DEMA (21):	628.3
Parabolic SAR (0,02-0,02-0,2):	653.7
Elder Ray (13):	-26.1
Super Trend (3,10):	644.1
Zig ZAG (10):	610.0
VORTEX (21):	0.7000
Stochastique (14,3,5):	4.80
TEMA (21):	617.7
Williams %R (14):	-93.00
Chande Momentum Oscillator (20):	-52.0
Repulse (5,40,3):	-3.0000
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	11.60

MA7:	622.6
MA20:	647.6
MA50:	653.9
MA100:	649.9
MAexp7:	623.9
MAexp20:	640.9
MAexp50:	649.3
MAexp100:	647.5
Price / MA7:	-2.30%
Price / MA20:	-6.07%
Price / MA50:	-6.97%
Price / MA100:	-6.40%
Price / MAexp7:	-2.50%
Price / MAexp20:	-5.09%
Price / MAexp50:	-6.31%
Price / MAexp100:	-6.05%

News

Don"t forget to follow the news on HSBC HOLDINGS ORD 0.50 (UK REG). At the time of publication of this analysis, the latest news was as follows:

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

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