GLOBAL X MSCI CHINA CONSUMER (CHIQ) Stock Technical Analysis
NYSEARCA:CHIQ - US37950E4089 - ETF
22.8 USD
+0.41 (+1.83%)
22.8 USD
0 (0%)
We assign a technical rating of 10 out of 10 to CHIQ. Both in the recent history as in the last year, CHIQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CHIQ is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, CHIQ also shows a nice and consistent pattern of rising prices.
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.
In the last month CHIQ has a been trading in the 21.30 - 23.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHIQ has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
17.70
24.30
5 important support areas can be observed.
- A support zone ranging from 21.77 to 22.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.16 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 the daily time frame.
- Support @19.74 from a horizontal line in the weekly time frame.
- Support @17.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.89 to 24.06. 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 | UP | POSITIVE | The long term trend for CHIQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHIQ is up. |
| ChartMill Relative Strength | 81.27 | POSITIVE | CHIQ has a high relative strength, it outperformed 81.27% off all stocks 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) | 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) | 57.26 | NEUTRAL | The RSI value for CHIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CHIQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.71 | NEUTRAL | The Stochastics value for CHIQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for CHIQ suggests low volalility. |
| Average Directional Index/ADX (14) | 18.54 | NEGATIVE | The low ADX value for CHIQ 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.85 | 22.20 | 0.65 (2.86%) | 25.00% |
| An entry @22.85. This is a Buy Stop order right above the 10 day moving average. | An exit @22.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 2.86%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CHIQ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.8
+0.41 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.83%
1 Week1.02%
2 Weeks1.11%
1 Month6.05%
3 Month5.85%
6 Month-0.18%
12 Month41.19%
2 Year23.91%
3 Year27.23%
5 Year-17.06%
10 Year89.84%
15 Year11.87%
Volatility
ATR(14)0.44
ATR(20)%1.75%
ATR Inc14.69%
Range Today0.23
ADR(20)0.27
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.27
Mansfield-0.05
10 Day High23.64
10 Day Low22.21
20 Day High23.64
20 Day Low21.3
52 Week High25
52 Week Low16.05
CS1 End22.01
CR1 Start23.89
Volume & EV
DER(3)5.61%
DER(5)2.36%
Volume22.90K
Volume Incr36.6%
Vol(5)78.00K
Vol(50)64.05K