Hang Seng Index
Hang Seng closed down by -2.03% to 27224.6 on 23 January 2021 and +-3.83% on a weekly basis. Hang Seng momentum was last calculated at +100.0/100 indicating positive momentum. Hang Seng trend is +75.0/100 indicating a positive trend. Hang Seng momentum exhaustion is 1.22317 indicating Hang Seng is oversold.Hang Seng RSI is 65.8478 .
Hang Seng Index Chart
Hang Seng Index Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Hang Seng. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the Hang Seng trading signals presented in the Hang Seng statistics table.
| Security | Symbol | Last | Momentum | Trend | Oscillator | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| Hang Seng | HSI | 27224.6 | 1 | 0.75 | 1.22317 | 65.8478 | -2.03 | -3.83 | -6.38 | -0.0242 |
Hang Seng closed at 27224.6 on 23 January 2021. Hang Seng trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Hang Seng momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Hang Seng momentum exhaustion is 1.22317 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Hang Seng is oversold and a possible reversal is imminent. Hang Seng RSI was last calculated at 65.8478. Hang Seng moving averages were last recorded as follows: 1-month moving average: 26522.3 in an uptrend , 1-quarter moving average: 25803.7 in an uptrend and 1-year moving average: 25347.3 in a downtrend. Hang Seng annual return was last recorded at None%, daily return was last recorded at -2.03%, and weekly return was last recorded at -3.83%. Hang Seng histrorical 20-day volatility was last recorded at 13.4442%, Hang Seng alpha None, Hang Seng beta None and Hang Seng maximum drawdown was recorded at None%. MacroVar models monitor Hang Seng statistics based on historical data since 1970.
Hang Seng Index News
Hang Seng Factors
Hang Seng
| Factor | Symbol | Last Value | Predicted Value | R2 | MacroVar Signal |
|---|---|---|---|---|---|
| Hong Kong PMI vs Stocks | HK.FACT.STPMI | 24460 | 46.4881 | -2.69707 |
Hang Seng related Indicators
Hang Seng
| Security | Type | Symbol | Last | Momentum | Trend | Oscillator | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hong Kong ETF | Stock Index ETF | EWH | 26.79 | 1 | 1 | 2.22075 | 71.7466 | 0.56 | 0.75 | -2.69 | 0.03651 |
| Hong Kong PMI vs Stocks | Stock Index vs PMI Factor | HK.FACT.STPMI | 24460 |
Hong Kong Markets
| Market | Symbol | Last | Mom | Trend | Exh | RSI | 1D% | 1W% | 1M% | 1Y% |
|---|---|---|---|---|---|---|---|---|---|---|
| Hang Seng | HSI | 27224.6 | 1 | 0.75 | 1.22317 | 65.8478 | -2.03 | -3.83 | -6.38 | -0.0242 |
| Hong Kong ETF | EWH | 26.79 | 1 | 1 | 2.22075 | 71.7466 | 0.56 | 0.75 | -2.69 | 0.03651 |
| Hong Kong Dollar US Dollar (HKD/USD) | HKDUSD | 7.77 | 0.5 | 0.5 | -0.2003 | 53.3164 | 0.04 | 0.06 | 0.09 | -0.00229 |
| Hong Kong 5-Year Bond Yield | HK.5Y | 0.52 | 0 | 0 | -0.48994 | 48.6711 | -24.96 | -35.56 | -21.09 | -0.80318 |
| Hong Kong 2-year bond yield | HK.2Y | 0.1 | -1 | -1 | -0.80386 | 42.0983 | -1.96 | -46.52 | -32.89 | -0.92957 |
| Hong Kong Yield Curve | HK.YC | 0.81 | 0.5 | 0.75 | 1.5841 | 53.3256 | -18.92 | -20.67 | -21.28 | -32.2667 |
| Hong Kong Credit Default Swaps | CDS.Hong-Kong | 31.5 | -1 | -0.5 | -0.93086 | 4.17468 | 0 | 12.1 | -4.83 | 0.01683 |
Hong Kong Economic Indicators
| Indicator | Actual | Previous | M/M% | Y/Y% | Trend | Slope | ZS5Y | Update |
|---|---|---|---|---|---|---|---|---|
| balance of trade | -25464 | -31776 | -0.19864 | 0.854625 | 1.0 | -1.0 | 0.966667 | 2021-05-31 |
| bank lending rate | 5 | 5 | 0 | -0.0253411 | -1.0 | -1.0 | 0.0333333 | 2020-01-31 |
| banks balance sheet | 26201800 | 25708200 | 0.0192001 | 0.0487222 | 1.0 | 1.0 | 0.4 | 2021-05-31 |
| business confidence | 6 | -17 | -1.35294 | -0.25 | 1.0 | -1.0 | 0 | 2021-07-01 |
| capital flows | -89259 | -62781 | 0.421752 | 1.00258 | -1.0 | -1.0 | 0.866667 | 2021-01-01 |
| car registrations | 3621 | 3091 | 0.171466 | 0.275 | 1.0 | 1.0 | 0.9 | 2021-05-31 |
| consumer confidence | 65.7 | 62.4 | 0.0528846 | -0.243088 | -1.0 | -1.0 | 0 | 2021-04-01 |
| consumer price index cpi | 112.3 | 112.4 | -0.00088968 | 0.0108011 | 1.0 | 1.0 | 0.216667 | 2021-05-31 |
| current account | 59841 | 31181 | 0.919149 | 4.19634 | 1.0 | 1.0 | 0.95 | 2021-01-01 |
| current account to gdp | 6.6 | 6 | 0.1 | -0.56 | 1.0 | -1.0 | 0 | 2020-01-31 |
| deposit interest rate | 0.14 | 0.04 | 2.5 | -0.941667 | 1.0 | -1.0 | 0 | 2019-01-01 |
| exports | 393814 | 384874 | 0.0232284 | 0.239929 | 1.0 | 1.0 | 0.933333 | 2021-05-31 |
| external debt | 13809600 | 13824400 | -0.00107057 | 0.0809355 | 1.0 | 1.0 | 0.0666667 | 2021-01-01 |
| fiscal expenditure | 163890 | 172001 | -0.0471567 | 0.660066 | 1.0 | 1.0 | 0.916667 | 2021-01-01 |
| foreign direct investment | 16180.9 | 15665.1 | 0.0329267 | 1.24596 | 1.0 | 1.0 | 0 | 2021-01-31 |
| foreign exchange reserves | 491600 | 494500 | -0.00586451 | 0.102489 | 1.0 | 1.0 | 0.716667 | 2021-06-30 |
| gdp | 346.59 | 366.03 | -0.0531104 | 0.580582 | 1.0 | 1.0 | 0 | 2020-01-31 |
| Real GDP | 697474 | 701783 | -0.00614007 | 0.00409138 | 1.0 | 1.0 | 0.0833333 | 2021-03-31 |
| gdp growth | 5.4 | 0.5 | 9.8 | 2.6 | 1.0 | 1.0 | 0.958333 | 2021-01-01 |
| gdp growth annual | 7.9 | -2.8 | -3.82143 | 0.755556 | 1.0 | 1.0 | 0.916667 | 2021-01-01 |
| gold reserves | 2.08 | 2.1 | -0.00952381 | 0 | -1.0 | -1.0 | 0.441667 | 2020-07-01 |
| government budget | -12 | -1.3 | 8.23077 | -121 | -1.0 | -1.0 | 0 | 2020-01-31 |
| Government budget | 84825 | 2708 | 30.3239 | 0.977181 | 1.0 | 1.0 | 0.833333 | 2021-01-01 |
| government debt to gdp | 38.4 | 37 | 0.0378378 | 0.259843 | 1.0 | 1.0 | 0 | 2016-01-31 |
| government revenues | 248715 | 174709 | 0.423596 | 0.756127 | 1.0 | 1.0 | 0.933333 | 2021-01-01 |
| housing index | 179.33 | 177.49 | 0.0103668 | 0.0406197 | 1.0 | 1.0 | 0.583333 | 2021-04-30 |
| imports | 419278 | 416650 | 0.00630745 | 0.265397 | 1.0 | 1.0 | 0.983333 | 2021-05-31 |
| industrial production | 2.6 | -6.1 | -1.42623 | 1.36364 | 1.0 | 1.0 | 0.916667 | 2021-01-01 |
| inflation cpi | 1 | 0.8 | 0.25 | -0.333333 | 1.0 | -1.0 | 0.383333 | 2021-05-31 |
| interbank rate | 0.17 | 0.17 | 0 | -0.26087 | -1.0 | -1.0 | 0.108333 | 2021-06-02 |
| interest rate | 0.86 | 0.86 | 0 | -0.687273 | -1.0 | -1.0 | 0.025 | 2020-04-15 |
| loans to private sector | 10812000 | 10768400 | 0.00404888 | 0.00883618 | -1.0 | 1.0 | 0.0833333 | 2021-05-31 |
| manufacturing pmi | 51.4 | 52.5 | -0.0209524 | 0.0362903 | 1.0 | 1.0 | 0.633333 | 2021-06-30 |
| money supply m0 | 557640 | 555816 | 0.00328166 | 0.0763568 | 1.0 | 1.0 | 0.35 | 2021-05-31 |
| money supply m1 | 3481440 | 3306560 | 0.0528888 | 0.295747 | -1.0 | 1.0 | 0.85 | 2021-05-31 |
| money supply m2 | 15933500 | 15770300 | 0.0103486 | 0.0711237 | 1.0 | 1.0 | 0.583333 | 2021-05-31 |
| money supply m3 | 15972200 | 15807800 | 0.0103999 | 0.0709032 | 1.0 | 1.0 | 0.583333 | 2021-05-31 |
| Producer Price Index | 111.3 | 109.9 | 0.0127389 | 0.0372787 | 1.0 | 1.0 | 0.3 | 2021-01-01 |
| PPI Index | 1.7 | 2.9 | -0.413793 | -0.552632 | -1.0 | -1.0 | 0.566667 | 2021-01-01 |
| retail sales MoM | 9 | -2.6 | -4.46154 | -0.274194 | 1.0 | -1.0 | 0.566667 | 2021-05-31 |
| retail sales | 7.8 | 11 | -0.290909 | -1.22941 | 1.0 | 1.0 | 0.433333 | 2021-05-31 |
| unemployment rate | 5.5 | 6 | -0.0833333 | -0.112903 | -1.0 | -1.0 | 0.133333 | 2021-06-30 |
| youth unemployment rate | 8.6 | 9.2 | -0.0652174 | -0.0752688 | -1.0 | -1.0 | 0.166667 | 2021-05-31 |
Hang Seng Trading Signals
MacroVar estimates the following signals: Hang Seng momentum, Hang Seng trend, Hang Seng oscillator, Hang Seng RSI and Hang Seng returns.
Hang Seng Momentum
Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.MacroVarHang Seng momentum signal ranges from -100 to +100. The Hang Seng momentum signal is derived as the mean value from 4 calculations for the Hang Seng. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Hang Seng return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Hang Seng Index momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Hang Seng momentum signal moves from positive to negative value or vice-versa.
Hang Seng trend
Hang Seng trend signal ranges from -100 to +100. Hang Seng trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)For each timeframe, the following calculations are performed: 1. Hang Seng Closing price vs Hang Seng moving average (MA) calculation: If Hang Seng is greater than Hang Seng MA value is +1, else -1, 2. Hang Seng Moving average slope calculation: if current Hang Seng moving average is higher than the previous MA, Hang Seng upward slope +1, else -1
Hang Seng trend model can be used as a trend strength indicator. Hang Seng trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Hang Seng trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The Hang Seng 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Hang Seng is in an uptrend when Hang Seng price is higher than the 52-week moving average and the Hang Seng 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Hang Seng oscillator and Hang Seng RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
Hang Seng oscillator
The Hang Seng oscillator estimated by MacroVar is the z-score of the current Hang Seng price versus Hang Seng 1-year simple moving average price. The formula for the Hang Seng oscillator is:Hang Seng oscillator = (Current Price – 250 trading days Hang Seng simple moving average price) / (250 days Hang Seng price standard deviation)
Hang Seng oversold conditions
Hang Seng is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Hang Seng is oversold it is often due for a rebound. Values of the Hang Seng oscillator lower than -2.5 signify oversold conditions. It must be noted that the Hang Seng oscillator must be analyzed ibn conjunction with the rest of Hang Seng quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Hang Seng RSI.
Hang Seng overbought conditions
Hang Seng is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Hang Seng is overbought it is often due for a correction. Values of the Hang Seng oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Hang Seng quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
Hang Seng RSI indicator
The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.During normal trend market conditions and when Hang Seng is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Hang Seng uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
Hang Seng returns
MacroVar calculates Hang Seng returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:Hang Seng returns = (Hang Seng Closing Price – Hang Seng Previous Price)/(Hang Seng Previous Price)