Stock Price Performance Check on HSBC ETFS Plc (HZAR.L)

Lloyd Doyle
December 7, 2017

HSBC ETFS Plc (HSPD.L) shares are now showing up on the list of gainers over the past month. A trendline is a sloping line that is drawn between two or more prominent points on a chart. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold.

Shares of HSBC Holdings Plc (HSBC) is moving on volatility today -1.16% or -0.57 from the open. A common look back period is 14 days. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. A reading between 0 to -20 would represent a strong overbought condition. According to the signal, this may point to the stock entering buy territory. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

Currently, the 14-day ADX for HSBC ETFS Plc (HMYR.L) is sitting at 13.15. One of the more popular combinations is to use the 50-day and 200-day moving averages. HSBC ETFS Plc (HMEF.L) now has a 14 day Williams %R of -96.98. A reading between 0 and -20 would indicate an overbought situation. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The opposite would be the case for a falling ADX line. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. The 14-day ADX sits at 32.64. The company's stock had a trading volume of 1,151,500 shares, compared to its average volume of 1,631,334.

Tracking stock levels, HSBC ETFS Plc (HMCX.L) has a 14-day Commodity Channel Index (CCI) of -100.26. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. HSBC now has an average rating of "Hold" and an average target price of $31.50. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Moving averages can be very helpful for identifying peaks and troughs.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. In general, an ADX value from 0-25 would indicate an absent or weak trend. After a recent check, the 14-day RSI is now at 45.96, the 7-day stands at 46.41, and the 3-day is sitting at 60.07. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. They may also be used to help find support or resistance levels. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. Normal oscillations tend to stay in the range of -100 to +100. The average true range indicator was created by J. Welles Wilder in order to measure volatility. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day ADX for SSGA SPDR ETFS Europe I (GOVY.L) is standing at 24.51.

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