After three days of going down, HANG SENG INDEX is stable today, trading around 19,100

HANG SENG INDEX trades at 19,100, after ending yesterday at 19,100.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, HANG SENG INDEX's upper Bollinger Band® is at 20,500 and the lower is 19,000.

The current technical outlook indicates HANG SENG INDEX will continue to ebb sideways within tight ranges for the immediate future.

While HANG SENG INDEX is pretty flat so far today, mixed performances are seen elsewhere as ASX 200 falls 1.2% to trade around 7,129.6. Nikkei goes up 0.9% to trade around 32,500. Having closed the previous session at 7,600, FTSE is up 0.42% today to currently trade at around 7,632.

The index has been trending lower for about a month. Over the past 4 months, HANG SENG INDEX has retreated 15.78% from a noteworthy peak of 22,700.