Global X MSCI China Materials ETF (CHIM) Stock Technical Analysis
NYSEARCA:CHIM - NYSE Arca - US37950E2422 - ETF - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 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
13.13
18.78
We found 1 important support 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.
We can see 4 important resistance areas.
- 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.
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. |
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 Materials ETF
NYSEARCA:CHIM (2/16/2024, 8:04:02 PM)
13.295
-0.03 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.19%
1 Week-0.61%
2 Weeks-0.34%
1 Month1.96%
3 Month-9.74%
6 Month-14.88%
12 Month-29.72%
2 Year-46.74%
3 Year-48.45%
5 Year-21.86%
10 Year-4.35%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.41%
ATR Inc-2.9%
Range Today0.23
ADR(20)0.13
ADR(20)%1.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.26
Mansfield-2.73
10 Day High13.58
10 Day Low13.07
20 Day High13.58
20 Day Low12.52
52 Week High20.47
52 Week Low12.52
CS1 End13.27
CR1 Start13.34
Volume & EV
DER(3)13.52%
DER(5)9.33%
Volume2.20K
Volume Incr-61.32%
Vol(5)2.76K
Vol(50)3.56K