Global X MSCI China Materials ETF (CHIM) Technical Analysis
NYSEARCA:CHIM • US37950E2422
Current stock price
CHIM Technical Rating and Analysis
Taking everything into account, CHIM scores 1 out of 10 in our technical rating. CHIM'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.
- 85% of all other stocks performed better in the past year than CHIM.
- CHIM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CHIM is lagging the market.
- Warning: CHIM has an average volume of 3558 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month CHIM has a been trading in the 12.52 - 13.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CHIM Weekly and Daily overview Charts
CHIM Setup Rating and Analysis
CHIM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 13.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CHIM 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.
More info and screens
CHIM Support and Resistance Analysis
13.13
When analyzing the support we notice one important area.
- A support zone ranging from 13.26 to 13.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 13.34 to 13.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.60 to 13.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.29 from a horizontal line in the daily time frame.
- Resistance @18.59 from a trend line in the weekly time frame.
CHIM 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 | DOWN | NEGATIVE | The long term trend for CHIM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHIM is down. |
| ChartMill Relative Strength | 15.26 | NEGATIVE | CHIM has a low relative strength, it was outperformed by 84.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHIM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHIM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.42 | NEUTRAL | The RSI value for CHIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CHIM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.14 | NEUTRAL | The Stochastics value for CHIM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for CHIM suggests low volalility. |
| Average Directional Index/ADX (14) | 25.3 | POSITIVE | The high ADX value value for CHIM suggests a strong trend. |
CHIM Chart- and CandleStick Pattern Analysis
CHIM Technicals: Chart, Performance Metrics, Trend & Indicators
Global X MSCI China Materials ETF
NYSEARCA:CHIM (2/16/2024, 8:04:02 PM)
13.295
-0.03 (-0.19%)
Global X MSCI China Materials ETF / CHIM TA FAQ
Can you provide the ChartMill technical rating for Global X MSCI China Materials ETF?
ChartMill assigns a technical rating of 1 / 10 to CHIM.
What is the trend direction for CHIM stock?
The current trend direction for Global X MSCI China Materials ETF (CHIM) is Bearish.
What is the RSI signal for CHIM stock?
Global X MSCI China Materials ETF (CHIM) has an RSI value of 44.4233. This indicates that the stock is currently neutral.
What is the MACD signal for Global X MSCI China Materials ETF (CHIM) stock?
The MACD indicator for Global X MSCI China Materials ETF (CHIM) has a value of 0.0298312, indicating a bearish trend.
Can you provide the buy/sell signal for Global X MSCI China Materials ETF?
The buy/sell signal for Global X MSCI China Materials ETF (CHIM) is sell as both the short term and long term trends are negative.