Trade in management, week 16: earnings ahead
HSBC stock rises 1.5% as buyer dominance fades ahead of earnings
Trade in management, week 16: earnings ahead
Our view last week
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.
This week's summary
HSBC stock eases off the gas: after last week's 4.1% jump, this week closes at just +1.5%, with the weekly RSI now at 73 and buyer dominance clearly fading - only 60% of volume went to the buy side, down from 100% seven days ago. The stock is still hugging its all-time highs, with quarterly earnings due this week.
IQS Phase
60
ordinary
Signal Strength
64
medium
Sizing
STANDARD
Ranking
#16 / 61
EU-UK stocks in progress
Trade P&L %
+17.59%
from signal to date, no stop loss
Rank position
ranks 16th among the 61 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 +2.05% · monthly +3.45%
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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