{"id":49768,"date":"2026-06-12T11:35:31","date_gmt":"2026-06-12T11:35:31","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/06\/12\/hsbc-share-price-forms-a-doji-candle-is-it-setting-the-stage-for-a-rally-2\/"},"modified":"2026-06-12T11:35:31","modified_gmt":"2026-06-12T11:35:31","slug":"hsbc-share-price-forms-a-doji-candle-is-it-setting-the-stage-for-a-rally-2","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/06\/12\/hsbc-share-price-forms-a-doji-candle-is-it-setting-the-stage-for-a-rally-2\/","title":{"rendered":"HSBC share price forms a doji candle: Is it setting the stage for a rally?"},"content":{"rendered":"
<\/div>\n

The HSBC share price has remained inside a narrow range in the past few months as investors assess its performance. It was trading at 1,320p on Thursday, up by 4.2% from its lowest point this week. It may be ripe for more gains in the near term after forming a highly bullish pattern.<\/p>\n

HSBC share price forms a bullish reversal candle<\/h2>\n

The daily chart shows that HSBC’s stock price rebounded from a low of 1,267p on Wednesday to a high of 1,320p. A closer look shows that the stock formed a dragonfly doji candlestick pattern. This pattern consists of a long lower shadow and a tiny body, implying that the stock opened and closed at the same price. <\/p>\n

The stock also formed what looks like an abandoned baby candlestick pattern. This pattern happens when a small candle opens much lower and is separated from the other candles. It normally happens during a downtrend and often leads to a strong bullish reversal. <\/p>\n

The stock also bottomed above the 100-day Exponential Moving Average (EMA), a highly bullish sign in technical analysis. Therefore, there is a likelihood that the stock will continue rising in the near term, potentially to the key resistance level at 1,400p, a few points below the year-to-date high of 1,416p. A move above that level will point to more gains, potentially to 1,500p.<\/p>\n

<\/figure>\n

HSBC stock chart | Source: TradingView<\/em><\/p>\n

HSBC business is sending mixed signals<\/h2>\n

HSBC, the biggest European bank by assets and market capitalization, is working through a long turnaround strategy under Georges Elhedery. In a recent statement, the company urged its staff not to fight artificial intelligence (AI), saying that the technology would lead to job losses while creating new ones. <\/p>\n

He said that as the company started its layoffs, which could cost over 20,000 people their jobs. These jobs would be about 10% of the total workforce, a move intended to save costs and boost its profitability. It also aims to cut costs, including by the privatization of Hang Seng Bank<\/a>.<\/p>\n

In its recent results, the company reported mixed earnings. On the negative side, the company said that its first-quarter pre-tax profit came in at $9.4 billion, missing what analysts were expecting. Its revenue jumped to $18.6 billion, higher than the expected $18.49 billion.<\/p>\n

The company\u2019s profits narrowed<\/a> because of its large credit losses, which jumped to $1.3 billion, higher by $400 million from the same period last year. It noted that the losses were fraud-related because of its exposure to MFS, a UK company that collapsed earlier this year. This exposure has pushed the company to slow down on its private credit strategy, a year after announcing its launch.<\/p>\n

At the same time, HSBC pointed to the impact of the ongoing US-Iran war, which led to major disruptions in some of its key assets. It maintained that its return on tangible equity (RoTE) would be 17%, but said this would depend on how the war ends.<\/p>\n

For investors, HSBC offers a good risk-reward ratio as it has room to grow its  business in China. Its goal is to become a major wealth manager in the country. At the same time, the company offers a 4.13% dividend yield, higher than Lloyd\u2019s 3.62% and Barclay\u2019s 2.45%.<\/p>\n

The post HSBC share price forms a doji candle: Is it setting the stage for a rally?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The HSBC share price has remained inside a narrow range in the past few months as investors assess its performance. It was trading at 1,320p on Thursday, up by 4.2% from its lowest point this week. It may be ripe for more gains in the near term after forming a highly bullish pattern. HSBC share <\/p>\n","protected":false},"author":1,"featured_media":49769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-49768","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=49768"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/49769"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=49768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=49768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=49768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}