Global X Funds Global X MSCI China Communication Services ETF (CHIC) Stock Technical Analysis
NYSEARCA:CHIC - NYSE Arca - US37950E8049 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to CHIC. CHIC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CHIC is a bad performer in the overall market: 84% of all stocks are doing better.
CHIC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHIC is lagging the market.
Warning: CHIC has an average volume of 3394 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month CHIC has a been trading in the 11.28 - 12.50 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although the technical rating is bad, CHIC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.22, a Stop Loss order could be placed below this zone.
More info and screens
11.79
17.08
We found 1 important support area.
- A support zone ranging from 11.91 to 12.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 12.27 to 12.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.77 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.85 from a trend line in the daily time frame.
- A resistance zone ranging from 14.43 to 14.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.96 from a trend line in the weekly time frame.
- Resistance @16.91 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 | DOWN | NEGATIVE | The long term trend for CHIC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHIC is down. |
| ChartMill Relative Strength | 16.03 | NEGATIVE | CHIC has a low relative strength, it was outperformed by 83.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHIC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.6 | NEUTRAL | The RSI value for CHIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CHIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.94 | NEUTRAL | The Stochastics value for CHIC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for CHIC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.15 | NEGATIVE | The low ADX value for CHIC 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)
Global X Funds Global X MSCI China Communication Services ETF
NYSEARCA:CHIC (2/16/2024, 8:04:02 PM)
12.25
-0.04 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.36%
1 Week-0.66%
2 Weeks-0.27%
1 Month2.83%
3 Month-14.33%
6 Month-15.55%
12 Month-22.7%
2 Year-31.13%
3 Year-60.47%
5 Year-53.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%1.36%
ATR Inc-41.93%
Range Today0.05
ADR(20)0.09
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.03
Mansfield-2.75
10 Day High12.44
10 Day Low12.16
20 Day High12.5
20 Day Low11.28
52 Week High17.79
52 Week Low11.28
CS1 End12.22
CR1 Start12.27
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr-78.53%
Vol(5)1.26K
Vol(50)3.39K