Global X MSCI China Energy ETF (CHIE) Stock Technical Analysis
USA - NYSEARCA:CHIE - US37950E5078 - ETF
16.39 USD
-0.03 (-0.18%)
Overall CHIE gets a technical rating of 7 out of 10. Although CHIE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CHIE has an average volume of 7676 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CHIE 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.
CHIE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CHIE outperforms 60% of them, which is more or less in line with the market.
Besides having an excellent technical rating, CHIE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.56. Right above this resistance zone may be a good entry point.
More info and screens
13.93
17.14
3 important support areas can be observed.
- A support zone ranging from 15.71 to 15.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.04 to 15.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.07 to 14.41. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.56 to 16.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.97 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 CHIE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHIE is up. |
| ChartMill Relative Strength | 60.87 | NEUTRAL | CHIE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHIE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHIE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.82 | NEUTRAL | The RSI value for CHIE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CHIE has a negative trend. |
| Stochastics (14,3) | 51.48 | NEUTRAL | The Stochastics value for CHIE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for CHIE suggests low volalility. |
| Average Directional Index/ADX (14) | 8.64 | NEGATIVE | The low ADX value for CHIE 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 MSCI China Energy ETF
NYSEARCA:CHIE (2/16/2024, 8:04:02 PM)
16.39
-0.03 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.18%
1 Week-0.06%
2 Weeks0.18%
1 Month6.18%
3 Month4.86%
6 Month16.46%
12 Month9.63%
2 Year22.27%
3 Year82.63%
5 Year34.07%
10 Year12.34%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%1.47%
ATR Inc21.49%
Range Today0.2
ADR(20)0.17
ADR(20)%1.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.87
3 months CRSN/A
6 months CRSN/A
Mansfield-0.64
10 Day High16.49
10 Day Low16.23
20 Day High16.6
20 Day Low14.9
52 Week High16.6
52 Week Low13.86
CS1 End15.99
CR1 Start16.56
Volume & EV
DER(3)0%
DER(5)0%
Volume2.90K
Volume Incr-73.4%
Vol(5)2.70K
Vol(50)7.68K