HSBC s Public Ltd Co - HSBC S&P 500 ETF Forecast

£4,178.40
-4.80 (-0.115%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HSPX.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Wednesday for HSBC s Public Ltd Co - HSBC S&P 500 ETF after losing 0.115%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 09, 2023 Gain 15.87% PDF

The HSBC s Public Ltd Co - HSBC S&P 500 ETF price fell by -0.115% on the last day (Wednesday, 27th Mar 2024) from £4,183.20 to £4,178.40. During the last trading day the ETF fluctuated 0.576% from a day low at £4,169.80 to a day high of £4,193.80. The price has risen in 7 of the last 10 days and is up by 2.52% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -38 thousand shares and in total, 11 thousand shares were bought and sold for approximately £47.51 million.

The ETF lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 10.94% during the next 3 months and, with a 90% probability hold a price between £4,554.44 and £4,675.27 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

HSPX.L Signals & Forecast

The HSBC s Public Ltd Co - HSBC S&P 500 ETF 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 £4,161.50 and £4,060.23. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.379%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Thursday, March 30, 2023 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 ETF in question.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Thursday, March 30, 2023 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 ETF in question.

Support, Risk & Stop-loss for HSBC s Public Ltd Co - HSBC S&P 500 ETF

HSBC s Public Ltd Co - HSBC S&P 500 finds support from accumulated volume at £4,030.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £24.00 between high and low, or 0.576%. For the last week the ETF has had daily average volatility of 0.668%.

Our recommended stop-loss: £4,025.10 (-3.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (HSPX.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF to open at £4,180.67, and during the day (based on 14 day Average True Range), to move between £4,147.50 and £4,209.30, which gives a possible trading interval of +/-£30.90 (+/-0.74%) up or down from last closing price. If HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £4,183.20 (0.11%) than the support at £4,030.10 (3.55%), 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 ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF 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 s Public Ltd Co - HSBC S&P 500 ETF to perform well in the short-term.

Current score: 2.086 Buy Candidate Unchanged

Predicted Opening Price for HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£4,180.67 ( 0.0543%) £4,178.40

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

Trading levels for HSPX.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4,204.67 0.629 %
R2 4,195.50 0.409 %
R1 4,189.84 0.274 %
Current price: 4,178.40
Support S1 4,171.50 -0.165 %
S2 4,165.83 -0.301 %
S3 4,156.67 -0.520 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4,194.30 0.381 %
R2 4,192.70 0.342 %
R1 4,183.20 0.115 %
Current price 4,178.40
Support S1 4,030.10 -3.55%
S2 3,869.20 -7.40%
S3 3,804.90 -8.94%

HSPX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 25, 2024 Jan 25, 2024 Feb 16, 2024 £23.94 0.594%
2 Jul 27, 2023 Jul 27, 2023 Aug 18, 2023 £22.40 0.649%
3 Jan 26, 2023 Jan 26, 2023 Feb 17, 2023 £22.84 0.671%
4 Jul 21, 2022 Jul 21, 2022 Aug 12, 2022 £22.44 0.638%
5 Jan 20, 2022 Jan 20, 2022 Feb 11, 2022 £18.36 0.552%

FAQ

What is the symbol for HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF and on which exchange is it traded?
The symbol for HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF is HSPX.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF?
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 s Public Ltd Co - HSBC S&P 500 ETF to perform well in the short-term.

How to buy HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF?
HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF.

What's the current price of HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF?
As of the end of day on the 2024-03-27, the price of an HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF (HSPX.L) share was £4,178.40.

What is the 52-week high and low for HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF?
The 52-week high for HSBC ETFs Public Limited Company - HSBC S&P 500 UCITS ETF ETF is £4,213.20 and the 52-week low is £3,240.38.
Click to get the best stock tips daily for free!