Taking everything into account, CHAU scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CHAU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although CHAU has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.41
5 important support areas can be observed.
- A support zone ranging from 20.34 to 20.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.82 from a horizontal line in the daily time frame.
- Support @19.36 from a trend line in the daily time frame.
- Support @18.81 from a horizontal line in the daily time frame.
- Support @14.56 from a trend line in the weekly time frame.
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 CHAU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHAU is up. |
| ChartMill Relative Strength | 92.19 | POSITIVE | CHAU has a high relative strength, it outperformed 92.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHAU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHAU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHAU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.25 | OVERBOUGHT | The high RSI value suggests CHAU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CHAU has a positive trend. |
| Stochastics (14,3) | 96.83 | OVERBOUGHT | The high Stochastics value suggests CHAU may be overbought. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for CHAU suggests low volalility. |
| Average Directional Index/ADX (14) | 16.59 | NEGATIVE | The low ADX value for CHAU suggests a weak or negative trend. |
22.45
+0.48 (+2.18%)
DRX DLY CHINA A-SHR BULL 2X / CHAU FAQ
Can you provide the ChartMill technical rating for DRX DLY CHINA A-SHR BULL 2X?
ChartMill assigns a technical rating of 10 / 10 to CHAU.
What is the trend direction for CHAU stock?
The current trend direction for DRX DLY CHINA A-SHR BULL 2X (CHAU) is Bullish.
What is the RSI signal for CHAU stock?
DRX DLY CHINA A-SHR BULL 2X (CHAU) has an RSI value of 71.253. This indicates that the stock is currently overbought.
Can you provide the MACD signal for DRX DLY CHINA A-SHR BULL 2X?
The MACD indicator for DRX DLY CHINA A-SHR BULL 2X (CHAU) has a value of 0.166229, indicating a bearish trend.
What is the short term momentum for CHAU stock?
The short term momentum for DRX DLY CHINA A-SHR BULL 2X (CHAU) is positive.