LONCAR CHINA BIOPHARMA ETF (CHNA) Stock Technical Analysis
USA - NASDAQ:CHNA - US26922A3703 - ETF
13.53 USD
-0.01 (-0.07%)
We assign a technical rating of 0 out of 10 to CHNA. CHNA'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CHNA is a bad performer in the overall market: 61% of all stocks are doing better.
CHNA 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.
In the last month CHNA has a been trading in the 13.53 - 14.77 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: CHNA has an average volume of 676 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of CHNA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.38
21.67
When analyzing the support we notice one important area.
- A support zone ranging from 13.52 to 13.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 14.50 to 14.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.22 to 15.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.68 from a horizontal line in the daily time frame.
- Resistance @21.46 from a horizontal 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 CHNA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHNA is down. |
| ChartMill Relative Strength | 39.88 | NEUTRAL | CHNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHNA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.51 | NEUTRAL | The RSI value for CHNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CHNA has a negative trend. |
| Stochastics (14,3) | 4.67 | OVERSOLD | The low Stochastics value suggests CHNA may be oversold. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for CHNA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.26 | NEGATIVE | The low ADX value for CHNA 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)
NASDAQ:CHNA (10/20/2023, 8:00:00 PM)
13.53
-0.01 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.07%
1 Week-8.08%
2 Weeks-4.45%
1 Month-6.66%
3 Month-14.31%
6 Month-27.38%
12 Month-11.22%
2 Year-59.48%
3 Year-54.38%
5 Year-30.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%1.91%
ATR Inc-44.77%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.88
Mansfield-2.37
10 Day High14.74
10 Day Low13.53
20 Day High14.77
20 Day Low13.53
52 Week High22.89
52 Week Low13.35
CS1 End13.52
CR1 Start14.5
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr115.13%
Vol(5)1.28K
Vol(50)676