HSBC Holdings plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for HSBC Holdings plc stock price after Thursday trading.
(Updated on Jun 13, 2024)
The HSBC Holdings plc stock price fell by -1.13% on the last day (Thursday, 13th Jun 2024) from 8.11€ to 8.02€. During the last trading day the stock fluctuated 1.14% from a day low at 8.00€ to a day high of 8.09€. The price has risen in 6 of the last 10 days but is still down by -2.1% for this period. Volume has increased on the last day by 37 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 63 thousand shares were bought and sold for approximately 504.53€ thousand.
Given the current short-term trend, the stock is expected to rise 15.69% during the next 3 months and, with a 90% probability hold a price between 9.27€ and 10.33€ at the end of this 3-month period.
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HBC1.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The HSBC Holdings plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 8.14€ and 8.15€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -4.81%. Further fall is indicated until a new bottom pivot has been found. HSBC Holdings plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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.
Golden Star 12 Months
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 7.89€ 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 0.0910€ between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: 7.60€ (-5.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (HBC1.F) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect HSBC Holdings plc to open at 8.04€, and during the day (based on 14 day Average True Range), to move between 7.89€ and 8.14€, which gives a possible trading interval of +/-0.127€ (+/-1.59%) up or down from last closing price. If HSBC Holdings plc takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 8.10€ (1.06%) than the support at 7.89€ (1.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is HSBC Holdings plc stock A Buy?
HSBC Holdings plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.508 Hold/Accumulate Upgraded
Predicted Opening Price for HSBC Holdings plc of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| 8.04€ ( 0.254%) | 8.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBC1.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.13 | 1.39% |
| R2 | 8.09 | 0.96% |
| R1 | 8.07 | 0.687% |
| Price | 8.02 | |
| S1 | 8.00 | -0.180% |
| S2 | 7.98 | -0.448% |
| S3 | 7.94 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.17 | 1.91% |
| R2 | 8.11 | 1.17% |
| R1 | 8.10 | 1.06% |
| Price | 8.02 | |
| S1 | 7.89 | -1.56% |
| S2 | 7.70 | -3.97% |
| S3 | 7.66 | -4.42% |
HBC1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 21, 2024 | 0.288€ | 0% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Apr 25, 2024 | 0.287€ | 0% |
| 3 | Nov 09, 2023 | Nov 09, 2023 | Dec 21, 2023 | 0.0932€ | 0% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | 0.100€ | 0% |
| 5 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.100€ | 0% |
FAQ
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