HANG SENG INDEX closed Friday at 20,040, after four straight days of gains

A quick look at Friday: HANG SENG INDEX rose 211.45 points to close at 20,040 Friday which makes for a move of 1.07%.

Trend-following investors would be interested to note that the MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Asset volatility analysis shows that HANG SENG INDEX's upper Bollinger Band® is at 20,373, this is a slight indication of a slowdown.

Overall, while HANG SENG INDEX has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other markets are also showing gains as ASX 200 is trading around 7,251.2 after ending Friday's session at 7,175.3 (up 1.06% today). CAC is trading around 7,388.65 after ending Friday's session at 7,291 (up 1.34% today). KOSPI Composite Index added 0.66% and closed around 2,608.54 Friday.

The index has been trending lower for about 2 months. HANG SENG INDEX hit a significant low of 14,700 around 7 months ago, but has since recovered 35%.