HSBC Holdings PLC

HSBC exhibits a robust uptrend across timeframes, with higher highs and lows maintained above rising EMAs, confirming a Stage 2 advancing structure and bullish medium-term bias. Short-term pullbacks into the 9- and 20-EMA have held support, offering a favorable execution window. Options skew remains positive and relative strength outperformance underpins demand. Overbought status and elevated valuation counsel caution for potential deeper retracements. A decisive break below the 20-EMA and the most recent higher low would invalidate the bullish thesis.

• ↑$36.6B profit before tax in 2025, up 7% YoY on strong operations.
• ↑Raised full-year banking NII guidance to at least $46B for 2026.
• ↓Negative analyst revisions suggest weaker future growth expectations.