HCM NEWS why is Hutchison China Meditech Limited price falling or rising

HCM NEWS reasons for why stock price of Hutchison China Meditech Limited is falling or rising

HCM Hutchison China is falling or rising technical reasons

Technical analysis forecast for Hutchison China Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Hutchison China HCM at this time. Stock is falling and might fall more.

It appears as if Hutchison China HCM gave a large move recently.

Stock of Hutchison China (HCM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Hutchison China is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 14.2 as stoploss in an intra day buy trade for a target of 15.59. However, stock will show a bearish move below 14.2.

HCM Hutchison China is falling or rising NEWS fundamental reasons

More announcements and NEWS

HCM Hutchison China Meditech Limited current price & indicator signals

Moving Averages for Hutchison China Meditech Limited

  • 5Day Average: 14.32
  • 12Day Average: 14.85
  • 20Day Average: 15.89
  • 50Day Average: 17.75
  • 100Day Average: 18
  • 150Day Average: 18.08
  • 200Day Average: 18.11

HCM Indicators & signals

Indicator MACD (12,26,9)

14.96, 15.97, -0.95
Indicator MACD is in negative zone

Indicator ADX (14)

48.15, 13.21, 37.74
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HCM Hutchison China Meditech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Fri Dec 2024 14.27 14.19 to 14.40 -1.38% 0.5 times
26 Thu Dec 2024 14.47 14.25 to 14.47 1.19% 0.23 times
24 Tue Dec 2024 14.30 14.23 to 14.35 0.28% 0.18 times
23 Mon Dec 2024 14.26 14.01 to 14.27 -0.35% 0.7 times
20 Fri Dec 2024 14.31 14.00 to 14.56 -2.05% 1.16 times
19 Thu Dec 2024 14.61 14.56 to 14.88 0.9% 0.51 times
18 Wed Dec 2024 14.48 14.40 to 14.90 -2.56% 1.3 times
17 Tue Dec 2024 14.86 14.59 to 14.93 -0.27% 1.08 times
16 Mon Dec 2024 14.90 14.80 to 15.18 -4.36% 1.47 times
13 Fri Dec 2024 15.58 15.47 to 15.64 -1.83% 1 times
12 Thu Dec 2024 15.87 15.79 to 16.73 -2.52% 2.38 times
11 Wed Dec 2024 16.28 16.10 to 16.76 -3.55% 0.81 times

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