HSBC Holdings PLC

HSBC remains in a Stage 2 advancing regime with parabolic acceleration driven by aggressive demand, but price is currently extended above rising EMAs and in extreme overbought territory. We maintain bullish bias across medium- and long-term horizons but defer new entries, stalking for a pullback into the rising EMAs for a favorable continuation setup.

• ↑Q1 profit before tax $10.1B (+4% YoY) on $19.1B revenue (+4%)
• ↑Banking NII guidance raised to ~$46B for 2026 on stronger rate outlook
• ↓ECL guidance increased to ~45 bp, reflecting higher credit loss reserves