Trade in management: residual capital protected by a trailing stop
HSBC gains 4.1% as buyers dominate near record highs
Trade in management: residual capital protected by a trailing stop
Our view last week
This week HSBC shares stay glued to their highs, with buyers even more dominant: 95% of the week's volume went to the buy side, up from 92% seven days ago. Money flow and the MACD keep improving, even as the ADX signals less conviction. Price is boxed between the daily upper Bollinger Band, in the 1498 area, and the daily moving average, in the 1453.6 area: technical analysis confirming the trade now running at +11.34% since entry.
This week's summary
HSBC pushes higher again: the stock gains 4.1% this week, with buyers even more dominant - 100% of volume went to the buy side, up from 95% seven days ago. Money flow stays solidly positive and the weekly MACD keeps improving, while RSI touches 72, a sign the stock is now extended and hugging its all-time highs. The trade is running at +15.86% since entry.
IQS Phase
61
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#14 / 59
EU-UK stocks in progress
Trade P&L %
+15.86%
from signal to today
Rank position
ranks 14th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 64 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
HSBA belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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