Jefferies Financial: MACD Death Cross, Bollinger Bands Expand Downward on 15-Minute Chart

Based on the 15-minute chart for Jefferies Financial, the Moving Average Convergence Divergence (MACD) indicator has crossed below its signal line, signifying a potential downtrend. Furthermore, the Bollinger Bands have expanded downward, indicating a widening gap between the stock's price and its volatility. As of October 10, 2025 at 12:00 PM, the market trend appears to be driven by selling pressure, which may result in a continuation of the downward trend in the stock's price.

On October 10, 2025, Jefferies analyst Joseph Dickerson downgraded HSBC Holdings (HSBC) from a 'Buy' to a 'Hold' rating, reflecting a more cautious outlook on the company's future performance HSBC Downgraded to Hold by Jefferies Analyst | HSBC Stock News^[1]. This change comes amidst significant market volatility, as indicated by the Moving Average Convergence Divergence (MACD) crossing below its signal line and Bollinger Bands expanding downward on the 15-minute chart Jefferies Financial Group Cuts McCormick & Company, Incorporated (NYSE:MKC) Price Target to $78.00^[3].

The downgrade is primarily attributed to the cancellation of $8.5 billion in share buybacks scheduled from the third quarter of 2025 through the first quarter of 2026 Jefferies downgrades HSBC stock to Hold on limited upside after buyback cuts^[2]. This move significantly impacts the stock's growth prospects and suggests limited upside potential. Despite the downgrade, Jefferies acknowledged HSBC’s attractive 17% Return on Tangible Equity (ROTE) prospects and noted the potential for a modest re-rating from the current 1.4x terminal Tangible Book Value (TBV) multiple to 1.6x.

HSBC's impressive YTD return of 42.67% and strong six-month performance of 41.93% have not been enough to offset the impact of the buyback cuts. The investment bank indicated that it would consider upgrading HSBC again if sizable buybacks were restored in the near term or if HSBC’s business became meaningfully accretive to group earnings per share Jefferies downgrades HSBC stock to Hold on limited upside after buyback cuts^[2].

The market trend for HSBC appears to be driven by selling pressure, which may result in a continuation of the downward trend in the stock's price. Investors and stakeholders are advised to consider this new rating in light of their portfolios and investment strategies, keeping in mind the broader financial market context and any potential developments within HSBC's operational landscape.