HSBC Holdings plc [HSBC] Is Currently 4.50 below its 200 Period Moving Avg: What Does This Mean?


HSBC Holdings plc [NYSE: HSBC] stock went on an upward path that rose over 4.50% on Tuesday, amounting to a one-week price increase of more than 5.54%. The company report on November 30, 2021 that HSBC Bank Launches New Donor Advised Fund.

New fund provides HSBC clients with a simple, efficient and flexible way to make charitable contributions.

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HSBC Bank USA today introduced the HSBC Donor Advised Fund (HSBC DAF) in collaboration with National Philanthropic Trust (NPT), the largest national and independent charitable sponsor of DAFs. This new program allows HSBC clients to strategically support causes and qualified charities of their choice and receive an immediate tax deduction for their contributions. The HSBC DAF offers a simple, efficient and flexible way to make a charitable contribution.

Over the last 12 months, HSBC stock rose by 22.71%. The one-year HSBC Holdings plc stock forecast points to a potential upside of 13.7. The average equity rating for HSBC stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $129.65 billion, with 4.09 billion shares outstanding and 4.01 billion shares in the current float. Compared to the average trading volume of 2.04M shares, HSBC stock reached a trading volume of 4261230 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on HSBC Holdings plc [HSBC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HSBC shares is $36.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HSBC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for HSBC Holdings plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 07, 2021. The new note on the price target was released on October 15, 2021, representing the official price target for HSBC Holdings plc stock.

The Average True Range (ATR) for HSBC Holdings plc is set at 0.54, with the Price to Sales ratio for HSBC stock in the period of the last 12 months amounting to 3.52. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 301.20.

HSBC Stock Performance Analysis:

HSBC Holdings plc [HSBC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.54. With this latest performance, HSBC shares gained by 11.96% in over the last four-week period, additionally plugging by 10.49% over the last 6 months – not to mention a rise of 22.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HSBC stock in for the last two-week period is set at 76.21, with the RSI for the last a single of trading hit 85.01, and the three-weeks RSI is set at 70.14 for HSBC Holdings plc [HSBC]. The present Moving Average for the last 50 days of trading for this stock 29.44, while it was recorded at 30.56 for the last single week of trading, and 29.00 for the last 200 days.

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HSBC Holdings plc [HSBC] Insider Position Details

There are presently around $1,423 million, or 1.20% of HSBC stock, in the hands of institutional investors. The top three institutional holders of HSBC stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 9,281,599, which is approximately -2.014% of the company’s market cap and around 0.30% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 3,681,343 shares of the stock with an approximate value of $112.1 million in HSBC stocks shares; and JPMORGAN CHASE & CO, currently with $98.96 million in HSBC stock with ownership of nearly -10.437% of the company’s market capitalization.

106 institutional holders increased their position in HSBC Holdings plc [NYSE:HSBC] by around 5,785,284 shares. Additionally, 108 investors decreased positions by around 9,453,979 shares, while 77 investors held positions by with 31,507,400 shares. The mentioned changes placed institutional holdings at 46,746,663 shares, according to the latest SEC report filing. HSBC stock had 37 new institutional investments in for a total of 2,009,408 shares, while 33 institutional investors sold positions of 3,011,611 shares during the same period.