Global X MSCI China Consumer Staples ETF (CHIS) Stock Technical Analysis
USA - NYSEARCA:CHIS - US37954Y5583 - ETF
14.73 USD
-0.05 (-0.37%)
Overall CHIS gets a technical rating of 1 out of 10. CHIS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
89% of all other stocks performed better in the past year than CHIS.
CHIS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
CHIS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: CHIS has an average volume of 2384 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month CHIS has a been trading in a tight range between 14.26 and 14.90.
CHIS 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 14.76. Right above this resistance zone may be a good entry point.
More info and screens
14.14
22.38
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. |
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)
Global X MSCI China Consumer Staples ETF
NYSEARCA:CHIS (2/16/2024, 8:04:02 PM)
14.73
-0.05 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.37%
1 Week-0.34%
2 Weeks-0.34%
1 Month0.47%
3 Month-17.46%
6 Month-19.77%
12 Month-35.69%
2 Year-45.3%
3 Year-56.08%
5 Year-12.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.94%
ATR Inc-63.19%
Range Today0.06
ADR(20)0.09
ADR(20)%0.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.93
Mansfield-3.24
10 Day High14.79
10 Day Low14.6
20 Day High14.9
20 Day Low14.26
52 Week High23.52
52 Week Low14.26
CS1 End14.28
CR1 Start14.76
Volume & EV
DER(3)0%
DER(5)0%
Volume1.50K
Volume Incr248.58%
Vol(5)8.00K
Vol(50)2.38K