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Hang Seng (HSI) Technical Analysis - Hang Seng (HSI) Trading: 2024-11-27
Hang Seng Index Technical Analysis Summary
Below 18996.3
Sell Stop
Above 19886.9
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Hang Seng Index Chart Analysis
Hang Seng Index Technical Analysis
The HK50 technical analysis of the price chart in daily timeframe shows HK50, Daily is retracing down toward the 200-day moving average MA(200) after topping at two-and-half-year high in mid-May. We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 18996.30. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 19886.9. After placing the pending order the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (19886.9) without reaching the order (18996.3) we recommend cancelling the order: the market sustains internal changes which were not taken into account.
Fundamental Analysis of Indices - Hang Seng Index
Hong Kong trade deficit widened in October. Will the HK50 price retreating persist?
Recent Hong Kong trade data were negative: Hong Kong trade deficit increased to HK$31 billion in October from HK$25.8 billion in the corresponding month of the previous year. Imports grew by 4.5% over year to $424 billion. The increase was led by sharp rise in purchases of office machines and automatic data processing machines - increase of 36.6%. At the same time exports from Hong Kong rose 3.5% over year to HK$393 billion in October 2024, slowing from a 4.7% gain in the previous month. Higher Hong King trade deficit it bearish for Hong Kong gross domestic product and HK50 stock index.
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