Global X MSCI China Financials ETF (CHIX) Technical Analysis
NYSEARCA:CHIX • US37950E6068
Current stock price
CHIX Technical Rating and Analysis
Taking everything into account, CHIX scores 2 out of 10 in our technical rating. In the past year, CHIX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, CHIX is a bad performer in the overall market: 78% of all stocks are doing better.
- CHIX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: CHIX has an average volume of 25198 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month CHIX has a been trading in the 9.74 - 10.66 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CHIX Weekly and Daily overview Charts
CHIX Setup Rating and Analysis
CHIX 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.57. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CHIX Support and Resistance Analysis
9.92
We found 1 important support area.
- A support zone ranging from 10.02 to 10.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 10.57 to 10.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.30 from a trend line in the daily time frame.
- A resistance zone ranging from 11.73 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.66 from a trend line in the weekly time frame.
- Resistance @13.57 from a horizontal line in the weekly time frame.
CHIX Technical Indicator Signal Analysis
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 CHIX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHIX is up. |
| ChartMill Relative Strength | 22.4 | NEGATIVE | CHIX has a low relative strength, it was outperformed by 77.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CHIX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.58 | NEUTRAL | The RSI value for CHIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CHIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78 | NEUTRAL | The Stochastics value for CHIX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for CHIX suggests low volalility. |
| Average Directional Index/ADX (14) | 15.46 | NEGATIVE | The low ADX value for CHIX suggests a weak or negative trend. |
CHIX Chart- and CandleStick Pattern Analysis
CHIX Technicals: Chart, Performance Metrics, Trend & Indicators
Global X MSCI China Financials ETF
NYSEARCA:CHIX (2/16/2024, 8:04:02 PM)
After market: 10.5 -0.07 (-0.66%)10.57
+0.01 (+0.08%)
Global X MSCI China Financials ETF / CHIX TA FAQ
What is the technical rating for CHIX stock?
ChartMill assigns a technical rating of 2 / 10 to CHIX.
What is the current trend direction of Global X MSCI China Financials ETF (CHIX) stock?
The current trend direction for Global X MSCI China Financials ETF (CHIX) is Bearish.
Can you provide the RSI signal for Global X MSCI China Financials ETF?
Global X MSCI China Financials ETF (CHIX) has an RSI value of 52.5768. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Global X MSCI China Financials ETF?
The MACD indicator for Global X MSCI China Financials ETF (CHIX) has a value of 0.0161743, indicating a bearish trend.
What is the buy/sell signal for Global X MSCI China Financials ETF (CHIX) stock?
The buy/sell signal for Global X MSCI China Financials ETF (CHIX) is hold as the short term and long term trends are mixed.