After three days of going up, HANG SENG INDEX is down 105.38 points today

HANG SENG INDEX is down to 19,762, after ending yesterday at 19,868. Overall, a 0.53% loss or 105.38 points today.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Despite this, HANG SENG INDEX's lower Bollinger Band® is at 19,642, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for HANG SENG INDEX.

In the meantime, negative performances are also seen in other markets, KOSPI Composite Index is down to 2,496.51, losing 13.49 points, after closing at 2,510 in the preceding trading session. CAC is trading around 7,350.4 (down 46.77 points).

Positive performances can be seen by looking at other markets as Nasdaq moves up 0.68% to trade around 12,263.

Having soared to a high of 22,700 approximately 3 months ago, HANG SENG INDEX is now trading 12.43% lower.