ABERDEEN CHILE FD INC (CH) Stock Technical Analysis
USA - NYSEARCA:CH - US00301W1053
We assign a technical rating of 7 out of 10 to CH. In the last year, CH was one of the better performers, but we do observe some doubts in the very recent evolution.
CH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.13, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.40
We found 3 important support areas.
- A support zone ranging from 8.97 to 9.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.74 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.48 to 8.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.19 to 9.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.55 to 9.55. This zone is formed by a combination of multiple trend lines 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 CH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CH is neutral. |
| ChartMill Relative Strength | 74.94 | POSITIVE | CH has a high relative strength, it outperformed 74.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.4 | NEUTRAL | The RSI value for CH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CH has a negative trend. |
| Stochastics (14,3) | 43.33 | NEUTRAL | The Stochastics value for CH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for CH suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.24 | 9.05 | 0.19 (2.02%) | 25.00% |
| An entry @9.24. This is a Buy Stop order right above the 10 day moving average. | An exit @9.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 2.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of CH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:CH (4/27/2018, 8:36:48 PM)
9.15
-0.07 (-0.76%)
ABERDEEN CHILE FD INC / CH FAQ
What is the technical rating for CH stock?
ChartMill assigns a technical rating of 7 / 10 to CH.
What is the current trend direction of ABERDEEN CHILE FD INC (CH) stock?
The current trend direction for ABERDEEN CHILE FD INC (CH) is Bullish.
What is the RSI signal for CH stock?
ABERDEEN CHILE FD INC (CH) has an RSI value of 49.4029. This indicates that the stock is currently neutral.
What is the MACD signal for ABERDEEN CHILE FD INC (CH) stock?
The MACD indicator for ABERDEEN CHILE FD INC (CH) has a value of -0.0094238, indicating a bearish trend.