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 17.2 as stoploss in an intra day buy trade for a target of 17.85. However, stock will show a bearish move below 17.2.

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: 17.56
  • 12Day Average: 17.26
  • 20Day Average: 17.73
  • 50Day Average: 18.8
  • 100Day Average: 18.52
  • 150Day Average: 18.58
  • 200Day Average: 18.1

HCM Indicators & signals

Indicator MACD (12,26,9)

17.53, 18.05, -0.53
Indicator MACD is in negative zone

Indicator ADX (14)

8.11, 26.98, 31.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
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
26 Tue Nov 2024 17.38 17.16 to 17.74 -0.17% 1.55 times
25 Mon Nov 2024 17.41 17.29 to 17.71 0.29% 0.63 times
22 Fri Nov 2024 17.36 17.27 to 17.60 -1.81% 0.4 times
21 Thu Nov 2024 17.68 17.52 to 17.82 -1.56% 0.95 times
20 Wed Nov 2024 17.96 17.80 to 18.44 7.22% 1.46 times
19 Tue Nov 2024 16.75 16.58 to 16.76 -0.48% 0.56 times
18 Mon Nov 2024 16.83 16.63 to 16.89 0.54% 0.58 times
15 Fri Nov 2024 16.74 16.60 to 17.18 -0.65% 1.04 times
14 Thu Nov 2024 16.85 16.69 to 17.02 -1.12% 0.71 times
13 Wed Nov 2024 17.04 16.84 to 17.35 -2.52% 1.09 times
12 Tue Nov 2024 17.48 17.39 to 17.77 -0.91% 2.58 times
11 Mon Nov 2024 17.64 17.40 to 17.87 -1.73% 1.33 times

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