HSBC HLDG Technical Analysis | HSBA.L | GB0005405286

The price is ascending at a quick rate. Watch out for retracements under 708.535 which can be considered as bearish trend exaggerations and would set the stock as an interesting buying opportunity.

MEDIUM TERM COMMENTARY

Medium term price trend HSBC is still bullish this week. This market keeps a relative behavior greater 29.7238 than FTSE 100 INDEX. Volatility has been increasing during last month. Be alert to the proximity of resistance 766.8, and a possible retracement from this level.

RISK ANALYSIS

Alpha:	-0.0008
Beta:	1.8275
R2:	0.5288
Relative Performance:	29.7238%
Relative Strength:	0.03
Retractment from maximum:	-3.8863%
Quarterly Volatility:	28.6023%
Distance to 20 days moving average:	6.0498%
Distance to 200 days moving average:	35.8814%

Intraday

1 year

PERFORMANCE SUMMARY (24/11/2009)

Last Price:	737
Since Dec. 31st:	50.8932%
Last Month:	5.4967%
Last Week:	-1.0871%
Reference Index:	FTSE 100
Correlation:	0.7272
Support:	660.4
Resistance:	766.8
Trend:
Cycle phase this week:
Cycle phase last week:
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•	Technical Analysis