DRX DLY CHINA A-SHR BULL 2X (CHAU) Stock Technical Analysis
NYSEARCA:CHAU - NYSE Arca - US25490K8696 - ETF - Currency: USD
Overall CHAU gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CHAU is only an average performer.
CHAU 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.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month CHAU has a been trading in the 14.04 - 15.48 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CHAU did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although CHAU has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.24
16.03
When analyzing the support we can see 5 important areas.
- A support zone ranging from 14.70 to 15.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.72 to 13.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.43 from a trend line in the weekly time frame.
- Support @12.92 from a horizontal line in the weekly time frame.
- Support @11.35 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @15.46 from a horizontal line in the daily time frame.
- Resistance @15.87 from a horizontal 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 | 72.96 | POSITIVE | CHAU has a high relative strength, it outperformed 72.96% 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) | 67.65 | NEUTRAL | The RSI value for CHAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CHAU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.62 | OVERBOUGHT | The high Stochastics value suggests CHAU may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for CHAU suggests low volalility. |
| Average Directional Index/ADX (14) | 18.5 | NEGATIVE | The low ADX value for CHAU 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)
15.42
-0.04 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.23%
1 Week2.73%
2 Weeks3.28%
1 Month8.13%
3 Month17.08%
6 Month19.35%
12 Month16.11%
2 Year-23.28%
3 Year-38.81%
5 Year-46.97%
10 Year-44.13%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.28%
ATR Inc-11.7%
Range Today0.07
ADR(20)0.12
ADR(20)%0.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.96
Mansfield-0.14
10 Day High15.48
10 Day Low14.58
20 Day High15.48
20 Day Low14.04
52 Week High28.25
52 Week Low10.88
CS1 End15.02
CR1 Start15.46
Volume & EV
DER(3)-5.09%
DER(5)-4.24%
Volume147.30K
Volume Incr-19.55%
Vol(5)162.44K
Vol(50)245.76K