Taking everything into account, CHIQ scores 2 out of 10 in our technical rating. CHIQ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CHIQ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.89, a Stop Loss order could be placed below this zone.
More info and screens
20.50
2 important support areas can be observed.
- A support zone ranging from 21.26 to 21.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.71 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 22.23 to 22.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.89 to 24.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CHIQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHIQ is neutral. |
| ChartMill Relative Strength | 50.1 | NEUTRAL | CHIQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHIQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHIQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.23 | NEUTRAL | The RSI value for CHIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CHIQ has a positive trend. |
| Stochastics (14,3) | 65.83 | NEUTRAL | The Stochastics value for CHIQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for CHIQ suggests low volalility. |
| Average Directional Index/ADX (14) | 16.37 | NEGATIVE | The low ADX value for CHIQ suggests a weak or negative trend. |
21.9625
+0.25 (+1.17%)
GLOBAL X MSCI CHINA CONSUMER / CHIQ FAQ
What is the ChartMill technical rating of GLOBAL X MSCI CHINA CONSUMER (CHIQ) stock?
ChartMill assigns a technical rating of 2 / 10 to CHIQ.
What is the trend direction for CHIQ stock?
The current trend direction for GLOBAL X MSCI CHINA CONSUMER (CHIQ) is Bearish.
Can you provide the RSI signal for GLOBAL X MSCI CHINA CONSUMER?
GLOBAL X MSCI CHINA CONSUMER (CHIQ) has an RSI value of 51.2349. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL X MSCI CHINA CONSUMER?
The short term momentum for GLOBAL X MSCI CHINA CONSUMER (CHIQ) is neutral.
What are the support and resistance levels for GLOBAL X MSCI CHINA CONSUMER (CHIQ) stock?
GLOBAL X MSCI CHINA CONSUMER (CHIQ) has a support level at 21.89 and a resistance level at 22.23. Check the full technical report for our detailed analysis of CHIQ support and resistance levels.