HSBC Holdings plc Stock Forecast

HSBC Holdings plc stock price up 0.0122% on Friday
(Updated on May 31, 2024)

HBC1.F Signals & Forecast

The HSBC Holdings plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 8.17€ and 8.03€. A breakdown below any of these levels will issue sell signals. HSBC Holdings plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 18, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for HSBC Holdings plc stock

HSBC Holdings plc finds support from accumulated volume at 8.17€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0400€ between high and low, or 0.490%. For the last week the stock has had daily average volatility of 1.06%.

Our recommended stop-loss: 7.81€ (-4.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (HBC1.F) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect HSBC Holdings plc to open at 8.18€, and during the day (based on 14 day Average True Range), to move between 8.06€ and 8.32€, which gives a possible trading interval of +/-0.132€ (+/-1.61%) up or down from last closing price. If HSBC Holdings plc takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 8.17€ (0.24%) than the resistance at 8.26€ (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HSBC Holdings plc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for HSBC Holdings plc stock to perform well in the short-term.

Current score: 1.806 Buy Candidate Unchanged

Predicted Opening Price for HSBC Holdings plc of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.