We assign a technical rating of 10 out of 10 to CHAU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHAU is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CHAU did better than 87% of all other stocks. On top of that, CHAU also shows a nice and consistent pattern of rising prices.
- 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 20.85 - 22.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CHAU also presents a decent setup pattern. 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. We notice that large players showed an interest for CHAU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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14.49
3 important support areas can be observed.
- A support zone ranging from 20.71 to 20.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.81 to 19.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.00 to 22.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.89 from a horizontal line in the daily 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 | 87.04 | POSITIVE | CHAU has a high relative strength, it outperformed 87.04% 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) | 53.9 | NEUTRAL | The RSI value for CHAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CHAU has a negative trend. |
| Stochastics (14,3) | 37.36 | NEUTRAL | The Stochastics value for CHAU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for CHAU suggests low volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for CHAU suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 22.35 | 21.59 | 0.76 (3.40%) | 25.00% |
| An entry @22.35. This is a Buy Stop order right above the resistance zone. | An exit @21.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.76 points, which is 3.40%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
21.86
-0.1 (-0.46%)
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 53.8982. This indicates that the stock is currently neutral.
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 -0.0780027, 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.