Short term
Hong Kong - Hang Seng has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The index has support at points 26300 and resistance at points 26800-27000. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend for the price as well. The index is overall assessed as technically neutral for the short term.
Recommendation one to six weeks: Hold
Medium term
Investors have accepted lower prices over time to get out of Hong Kong - Hang Seng and the index is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Hong Kong - Hang Seng. The price has reacted back after a break of inverse head and shoulders formation without entirely reaching the objective at 30421. A decisive break up through 26864 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index is testing the resistance at points 26700. This could give a negative reaction, but an upward breakthough of points 26700 means a positive signal. The index is overall assessed as technically negative for the medium long term.
Recommendation one to six months: Negative
Long term
Hong Kong - Hang Seng is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index has support at points 24600 and resistance at points 28500. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well. The index is overall assessed as technically slightly positive for the long term.
Recommendation one to six quarters: Weak Positive
Overall analysis
Hong Kong - Hang Seng is technically neutral for the short term, negative for the medium term, and positive for the long term.
Recommendation one to six months: Hold
HSI
Hong Kong - Hang Seng has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The index has support at points 26300 and resistance at points 26800-27000. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend for the price as well. The index is overall assessed as technically neutral for the short term.
Recommendation one to six weeks: Hold
Medium term
Investors have accepted lower prices over time to get out of Hong Kong - Hang Seng and the index is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Hong Kong - Hang Seng. The price has reacted back after a break of inverse head and shoulders formation without entirely reaching the objective at 30421. A decisive break up through 26864 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index is testing the resistance at points 26700. This could give a negative reaction, but an upward breakthough of points 26700 means a positive signal. The index is overall assessed as technically negative for the medium long term.
Recommendation one to six months: Negative
Long term
Hong Kong - Hang Seng is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index has support at points 24600 and resistance at points 28500. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well. The index is overall assessed as technically slightly positive for the long term.
Recommendation one to six quarters: Weak Positive
Overall analysis
Hong Kong - Hang Seng is technically neutral for the short term, negative for the medium term, and positive for the long term.
Recommendation one to six months: Hold
HSI