Global X MSCI China Real Estate ETF (CHIR) Stock Technical Analysis
USA - NYSEARCA:CHIR - US37960A6854 - ETF
Overall CHIR gets a technical rating of 1 out of 10. CHIR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CHIR has a bad technical rating, but it does show a decent setup pattern. 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 12.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.32, a Stop Loss order could be placed below this zone.
More info and screens
12.06
When analyzing the support we notice one important area.
- A support zone ranging from 12.18 to 12.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.34 to 12.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.51 from a trend line in the daily time frame.
- Resistance @13.84 from a trend line in the weekly time frame.
- Resistance @16.17 from a horizontal line in the daily 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 CHIR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHIR is down. |
| ChartMill Relative Strength | 10.54 | NEGATIVE | CHIR has a low relative strength, it was outperformed by 89.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHIR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHIR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.96 | NEUTRAL | The RSI value for CHIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CHIR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.45 | OVERBOUGHT | The high Stochastics value suggests CHIR may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CHIR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for CHIR suggests a weak or negative trend. |
Global X MSCI China Real Estate ETF
NYSEARCA:CHIR (2/16/2024, 8:04:02 PM)
12.329
-0.02 (-0.16%)