Xtrackers MSCI China A Inclusion Equity ETF (ASHX) Stock Technical Analysis
USA - NYSEARCA:ASHX - US2330515238 - ETF
18.4548 USD
+0.01 (+0.03%)
Taking everything into account, ASHX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ASHX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ASHX is a bad performer in the overall market: 76% of all stocks are doing better.
ASHX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: ASHX has an average volume of 3816 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ASHX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ASHX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 18.44, a Stop Loss order could be placed below this zone.
More info and screens
17.98
18.81
We found 1 important support area.
- A support zone ranging from 18.16 to 18.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.49 to 18.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ASHX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASHX is up. |
| ChartMill Relative Strength | 24.55 | NEGATIVE | ASHX has a low relative strength, it was outperformed by 75.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASHX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASHX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ASHX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.6 | NEUTRAL | The RSI value for ASHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASHX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.33 | NEUTRAL | The Stochastics value for ASHX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for ASHX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for ASHX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Xtrackers MSCI China A Inclusion Equity ETF
NYSEARCA:ASHX (3/13/2024, 4:10:00 PM)
18.4548
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week-0.76%
2 Weeks2.96%
1 Month4.23%
3 Month2.21%
6 Month-6.29%
12 Month-16.73%
2 Year-27.69%
3 Year-35.15%
5 Year-10.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.91%
ATR Inc-73.03%
Range Today0
ADR(20)0.06
ADR(20)%0.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.55
Mansfield-1.97
10 Day High18.69
10 Day Low18.26
20 Day High18.69
20 Day Low17.53
52 Week High23.22
52 Week Low16.42
CS1 End18.44
CR1 Start18.49
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr5351.97%
Vol(5)34.62K
Vol(50)3.82K