HSBC Technical Analysis (NYSE:HSBC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The HSBC stock chart pattern can give those who understand technical analysis an indication of which way HSBC stock is headed, but cannot predict with 100% certainty as to what can happen to the HSBC stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for HSBC. The technical analysis form of HSBC stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
HSBC Moving Average
Moving averages show the average price of HSBC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $48.4 is below the last closing price of $49.98 and the 50 day moving average of $49.45 is below the last closing price of $49.98. The 10 and 20 day periods can predict short term moving average trends.
HSBC Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HSBC stock. HSBC bollinger bands show that the stock price is $49.98, upper band is 50.16, lower band is 46.64, and the average is 48.4.
HSBC Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The HSBC MACD indicator can be used to identify bullish and bearish trends for the stock.
HSBC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of HSBC stock is 74.59.