Global X MSCI China Consumer Staples ETF (CHIS) Stock Technical Analysis
USA - NYSEARCA:CHIS - US37954Y5583 - ETF
Overall CHIS gets a technical rating of 1 out of 10. CHIS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CHIS has a bad 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 14.76. Right above this resistance zone may be a good entry point.
More info and screens
14.14
When analyzing the support we notice one important area.
- Support @14.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 14.76 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.38 to 16.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.24 from a trend line in the daily time frame.
- Resistance @18.50 from a horizontal line in the daily time frame.
- Resistance @22.16 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 CHIS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHIS is down. |
| ChartMill Relative Strength | 11.93 | NEGATIVE | CHIS has a low relative strength, it was outperformed by 88.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHIS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHIS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.45 | NEUTRAL | The RSI value for CHIS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CHIS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.49 | NEUTRAL | The Stochastics value for CHIS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for CHIS suggests low volalility. |
| Average Directional Index/ADX (14) | 29.59 | POSITIVE | The high ADX value value for CHIS suggests a strong trend. |
Global X MSCI China Consumer Staples ETF
NYSEARCA:CHIS (2/16/2024, 8:04:02 PM)
14.73
-0.05 (-0.37%)
Global X MSCI China Consumer Staples ETF / CHIS FAQ
What is the technical rating for CHIS stock?
ChartMill assigns a technical rating of 1 / 10 to CHIS.
Can you provide the trend direction for Global X MSCI China Consumer Staples ETF?
The current trend direction for Global X MSCI China Consumer Staples ETF (CHIS) is Bearish.
Can you provide the RSI signal for Global X MSCI China Consumer Staples ETF?
Global X MSCI China Consumer Staples ETF (CHIS) has an RSI value of 40.4456. This indicates that the stock is currently neutral.
What is the short term momentum for CHIS stock?
The short term momentum for Global X MSCI China Consumer Staples ETF (CHIS) is negative.
Can you provide the buy/sell signal for Global X MSCI China Consumer Staples ETF?
The buy/sell signal for Global X MSCI China Consumer Staples ETF (CHIS) is sell as both the short term and long term trends are negative.