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Hong Kong: HANG SENG INDEX (.HSI) Banks and property values are among the positives
Hong Kong stocks changed little on Friday and Chinese mainland stocks fell, while trade tensions between the United States and China, although the measures announced this week by Beijing to stimulate the economy provide support.
The Hang Seng index rose 0.1% to 28,804.28, while the China Enterprises index gained 0.2% to 11,047.42 points. Earnings growth of Chinese industrial enterprises slowed compared with the previous month, like industrial production
The Hang Seng energy tracking sub-index increased by 1 percent while the IT sector rose by 0 , 15 percent, the financial sector was 0.05 percent higher and the property sector Overall, the price bias is: Downward
The projected upper limit is: 29,641 , 29
The proposed lower limit is: 27 873.35
The expected closing price is: 28 757.32
Candlesticks
A white body appeared (because the prices closed higher than they had opened.)
In the last 10 bars, there were 4 white candles and 6 black candles for a net of 2 black candles . During the last 50 measurements, there were 26 white candles and 24 black candles for a net of 2 white candles
Momentum Indicators
Momentum is a general term used to describe the rate at which prices spend a given period of time. Generally, changes in dynamics tend to result in price changes. This expert shows the current values of four popular momentum indicators
Stochastic Oscillator
A stochastic oscillator interpretation method is the search for overbought areas (above 80) and oversold areas (less than 20). The stochastic oscillator is 82.3810. It's an overbought reading. However, a signal is not generated until the oscillator goes below 80. The last signal date of purchase there is 5
Relative Strength Index (RSI)
The RSI shows overbought (over 70) and oversold (below). 30) zones. The current value of the RSI is 49.48. This is not a trim or background area. A buy or sell signal is generated when the RSI leaves an overbought / oversold area. The last signal dates from 19 years ago.
Commodity Channel Index (CCI)
The ICC displays overbought (above 100) and oversold (below -100) areas. The current value of the ICC is 76. This is not a recovery area or background. The last signal was sold 0 period (s)
MACD
The Moving Average Convergence / Divergence Indicator (MACD) gives signals when it crosses its 9-period signal line. The last sign was purchased 1 hour (s) ago
Rex Takasugi – TD Profile
HANG SENG INDEX closed 23,139 at 28,804,279. The volume was 38% lower than the average (neutral) and the Bollinger bands were 47% narrower than normal.
Open Up Low Low Volume ___
28,734.73028,816.68928,572.78928,804,2791,243,340,032
Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bearish [19659003] Averages averages: 10 periods 50 periods 200 periods
Close: 28,449.91 29,600.60 30,029.01
Volatility: 14 19 21
Volume: 1,477,334,528 2,047,890,560 2.170.351.360
Short-term traders should be more attentive to arrows purchases / sales while intermediate / long-term traders should put more emphasis on the bullish or bearish trend reflected in the lower ribbon.
HANG SENG INDEX is currently down 4.1% from its 200-period moving average and is trending downward. Volatility is low compared to average volatility over the last 10 periods. Our volume indicators reflect the incoming and outgoing volume of .HSI at a relatively even (neutral) rate. Our trend forecast oscillators are currently bearish on .HSI and have had this outlook for the last 27 periods.
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