![]() Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. A nice path here can help show promise, and we have recently been seeing that with HSBC. Please note that estimate revision trends remain at the core of Zacks Rank as well. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. HSBC is currently averaging 1,832,530 shares for the last 20 days. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Investors should also pay attention to HSBC's average 20-day trading volume. In comparison, the S&P 500 has only moved -0.72% and -0.45%, respectively. ![]() Over the past quarter, shares of HSBC have risen 0.57%, and are up 12.47% in the last year. That is why looking at longer term price metrics - such as performance over the past three months or year - can be useful as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. Shares are looking quite well from a longer time frame too, as the monthly price change of 6.83% compares favorably with the industry's 0.21% performance as well. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.įor HSBC, shares are up 1.01% over the past week while the Zacks Banks - Foreign industry is down 0.2% over the same time period. ![]() Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. In order to see if HSBC is a promising momentum pick, let's examine some Momentum Style elements to see if this bank holds up. You can see the current list of Zacks #1 Rank Stocks here > Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. HSBC currently has a Zacks Rank of #1 (Strong Buy). It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.īelow, we take a look at HSBC ( HSBC Quick Quote HSBC - Free Report), which currently has a Momentum Style Score of B. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. ![]() While many investors like to look for momentum in stocks, this can be very tough to define. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key once a stock establishes a course, it is more than likely to continue moving in that direction. Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction.
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