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HSBC Technical Analysis - HSBC Trading: 2023-03-03
HSBC Technical Analysis Summary
Below 57.70
Sell Stop
Above 60.35
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Sell |
HSBC Chart Analysis
HSBC Technical Analysis
The technical analysis of the HSBC stock price chart on 4-hour timeframe shows #H-0005,H4 is retracing down toward the 200-day moving average MA(200) after hitting 38-month high two weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 57.70. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 60.35. After placing the order, the stop loss is to be moved every day to the fractal high indicator, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (60.35) without reaching the order (57.70), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - HSBC
HSBC stock rose after the bank announced it raised $2 billion in additional Tier 1 bond offering. Will the HSBC stock price resume rebounding?
HSBC Holdings plc is a multinational bank which provides financial services worldwide. The company market capitalization is at HK$1.21 trillion. The bank is active in three primary segments: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The stock is trading at P/E ratio (Trailing Twelve Months) of 10.38 currently, the company earned HK50.51 billion revenue (ttm) and Return on Equity (ttm) of 8.28%. HSBC Holdings said on Wednesday it raised $2 billion from a convertible security issue. HSBC had aimed to raise up to $1.5 billion in the transaction, according to Reuters report on Tuesday. HSBC indicated in the filing to the Hong Kong Stock Exchange the perpetual bond's coupon had been set at 8% while at the deal's launch on Tuesday the initial price guidance for the coupon was 8.5%. The stock gained 1.51% on the day Wednesday. HSBC indicated in a sale memo that it intends to use the cash raised for refinancing some debt, general corporate purposes and strengthening its capital base.
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