HSBC: uptrend intact, but momentum is cooling
HSBC dips 0.6% as the rally holds, but momentum is losing steam
Our view last week
HSBC stock stays glued to its highs: after last week's pullback, this week closes almost flat, with the weekly RSI stuck at 66.5 and sellers still slightly ahead in volume, at 53%. Money flow stays positive but is fading, and the ADX keeps dropping — the trend is losing conviction. Here's the weekly technical analysis: the trade is in its 18th week, running at +14% since entry.
This week's summary
HSBC shares stay glued to their highs again this week, closing almost flat at -0.6% after last week's -0.1%. The weekly RSI keeps cooling, now at 65.1, and sellers remain slightly ahead in volume, at 51%. Money flow is still positive but keeps fading, while the ADX drops for the third week running: the trend is losing conviction. The trade is in its 19th week, running at +13.3% since entry.
IQS Phase
53
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#37 / 70
EU-UK stocks in progress
Trade P&L %
+13.30%
from signal to date, no stop loss
Rank position
ranks 37th among the 70 Longs already running for European-UK stocks in our ranking, with a signal strength of 56 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly -2.04% · monthly +1.88%
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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