Based on the technical analysis and recent news sentiment, here's the price prediction for HSBC stock for the next trading week:
Technical Analysis
The RSI(14) reading of 67.31 indicates the stock is approaching overbought territory but hasn't reached extreme levels yet. The MACD at 0.86 shows positive momentum. The stock is trading above both its 20-day (49.81) and 200-day (44.09) moving averages, confirming an upward trend.
Price Levels Key Fibonacci levels for next week:
News Impact Recent news indicates positive momentum for HSBC:
Price Prediction Based on technical indicators and positive news sentiment, HSBC stock is expected to reach $51.50-52.00 range next week. The stock shows strong momentum but may face some resistance at the $51.36 level.
Trading Recommendation BUY with entry point at current market price ($50.18 pivot level). Set stop loss at $49.00 (S1) and take profit at $51.36 (R1).
The price of HSBC is predicted to go up 36.47%, based on the high correlation periods with ASGN. The similarity of these two price pattern on the periods is 97.28%.
HSBC
ASGN
Year
HSBC Price Forecast($)
Potential Return(%)
2025
52.000
5.970
2026
55.000
12.080
2027
60.000
22.270
2028
65.000
32.460
2029
65.000
31.930
2030
75.000
52.220
HSBC has cost advantages and significant intangible assets in its core market of Hong Kong that help it generate strong earnings there even when the local economy is weaker.
HSBC benefits from growing trade linkages between Greater China and Southeast Asia.
Wealth management offers a growth opportunity for HSBC in Asia.