DD CSI 300 CH A SB 2X ETF-US (CHAU) Technical Analysis
NYSEARCA:CHAU • US25490K8696
Current stock price
CHAU Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to CHAU. CHAU has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, CHAU did better than 86% of all other stocks. We also observe that the gains produced by CHAU over the past year are nicely spread over this period.
- CHAU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CHAU has a been trading in the 19.40 - 22.81 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CHAU Weekly and Daily overview Charts
CHAU Setup Rating and Analysis
Although CHAU has an excellent technical rating, it does not present a decent entry opportunity 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
CHAU Support and Resistance Analysis
18.83
We found 3 important support areas.
- A support zone ranging from 20.96 to 21.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.40 to 19.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.80 to 23.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
CHAU Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for CHAU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHAU is up. |
| ChartMill Relative Strength | 86.6 | POSITIVE | CHAU has a high relative strength, it outperformed 86.6% 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) | 65.7 | NEUTRAL | The RSI value for CHAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests CHAU has a positive trend. |
| Stochastics (14,3) | 97.62 | OVERBOUGHT | The high Stochastics value suggests CHAU may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CHAU suggests some volalility. |
| Average Directional Index/ADX (14) | 21.54 | NEUTRAL | The ADX value for CHAU suggests a possible start of a new trend. |
CHAU Chart- and CandleStick Pattern Analysis
CHAU Technicals: Chart, Performance Metrics, Trend & Indicators
22.79
+0.69 (+3.12%)
DD CSI 300 CH A SB 2X ETF-US / CHAU TA FAQ
Can you provide the ChartMill technical rating for DD CSI 300 CH A SB 2X ETF-US?
ChartMill assigns a technical rating of 9 / 10 to CHAU.
What is the trend direction for CHAU stock?
The current trend direction for DD CSI 300 CH A SB 2X ETF-US (CHAU) is Bearish.
What is the RSI signal for DD CSI 300 CH A SB 2X ETF-US (CHAU) stock?
DD CSI 300 CH A SB 2X ETF-US (CHAU) has an RSI value of 65.7011. This indicates that the stock is currently neutral.
What is the MACD signal for DD CSI 300 CH A SB 2X ETF-US (CHAU) stock?
The MACD indicator for DD CSI 300 CH A SB 2X ETF-US (CHAU) has a value of 0.341554, indicating a bearish trend.
What are the support and resistance levels for DD CSI 300 CH A SB 2X ETF-US (CHAU) stock?
DD CSI 300 CH A SB 2X ETF-US (CHAU) has a support level at 21.38 and a resistance level at 22.8. Check the full technical report for our detailed analysis of CHAU support and resistance levels.