GLOBAL X MSCI CHINA CONSUMER (CHIQ) Stock Technical Analysis
USA - NYSEARCA:CHIQ - US37950E4089 - ETF
23.398 USD
+0.38 (+1.63%)
23.398 USD
0 (0%)
Overall CHIQ gets a technical rating of 5 out of 10. In the last year, CHIQ was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CHIQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHIQ is lagging the market slightly.
When compared to the yearly performance of all other stocks, CHIQ outperforms 64% of them, which is more or less in line with the market.
In the last month CHIQ has a been trading in the 22.04 - 24.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CHIQ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.56. Right above this resistance zone may be a good entry point.
More info and screens
20.35
24.86
4 important support areas can be observed.
- A support zone ranging from 22.89 to 23.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.39 to 22.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.83 from a trend line in the weekly time frame.
- A support zone ranging from 20.56 to 20.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.56 to 24.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CHIQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHIQ is neutral. |
| ChartMill Relative Strength | 64.9 | NEUTRAL | CHIQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHIQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHIQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHIQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.67 | NEUTRAL | The RSI value for CHIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CHIQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.05 | NEUTRAL | The Stochastics value for CHIQ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CHIQ suggests some volalility. |
| Average Directional Index/ADX (14) | 24.69 | NEUTRAL | The ADX value for CHIQ suggests a possible start of a new 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)
23.398
+0.38 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.63%
1 Week1.42%
2 Weeks-0.69%
1 Month-1.57%
3 Month5.11%
6 Month12.87%
12 Month12.33%
2 Year32.49%
3 Year61.03%
5 Year-20.71%
10 Year70.42%
15 Year13.91%
Volatility
ATR(14)0.54
ATR(20)%2.08%
ATR Inc-26.12%
Range Today0.31
ADR(20)0.37
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.9
3 months CRS64.34
6 months CRS54.31
Mansfield-0.16
10 Day High23.62
10 Day Low22.04
20 Day High24.67
20 Day Low22.04
52 Week High24.67
52 Week Low17.79
CS1 End23.24
CR1 Start23.56
Volume & EV
DER(3)-3.3%
DER(5)1.51%
Volume7.00K
Volume Incr-58.28%
Vol(5)33.10K
Vol(50)63.22K