VANECK CHINA BOND ETF (CBON) Stock Technical Analysis
NYSEARCA:CBON - NYSE Arca - US92189F3799 - ETF - Currency: USD
Taking everything into account, CBON scores 4 out of 10 in our technical rating. CBON was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
Although the technical rating is only medium, CBON does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.30, a Stop Loss order could be placed below this zone.
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21.13
When analyzing the support we notice one important area.
- A support zone ranging from 21.34 to 22.30. 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 22.34 to 22.95. 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 | UP | POSITIVE | The long term trend for CBON is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBON is neutral. |
| ChartMill Relative Strength | 39.85 | NEUTRAL | CBON is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CBON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.76 | NEUTRAL | The RSI value for CBON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CBON has a negative trend. |
| Stochastics (14,3) | 45.56 | NEUTRAL | The Stochastics value for CBON is a neutral value. |
| Average True Range in percent/ATR (20) | 0.23 | LOW VOLATILITY | The low ATR as a percentage value for CBON suggests low volalility. |
| Average Directional Index/ADX (14) | 13.29 | NEGATIVE | The low ADX value for CBON suggests a weak or negative trend. |
NYSEARCA:CBON (7/22/2025, 8:04:01 PM)
22.315
-0.02 (-0.11%)