ISHARES MSCI CHINA ETF (MCHI) Stock Technical Analysis
NASDAQ:MCHI - Nasdaq - US46429B6719 - ETF - Currency: USD
Overall MCHI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MCHI is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MCHI is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by MCHI over the past year are nicely spread over this period.
MCHI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MCHI has an average volume of 2139680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MCHI has a been trading in the 54.41 - 59.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MCHI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
46.79
60.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 55.59 to 55.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.33 to 52.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.28 from a horizontal line in the weekly time frame.
- A support zone ranging from 47.26 to 47.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.18 to 59.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for MCHI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCHI is neutral. |
| ChartMill Relative Strength | 83.22 | POSITIVE | MCHI has a high relative strength, it outperformed 83.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCHI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCHI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCHI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.31 | NEUTRAL | The RSI value for MCHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MCHI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.1 | NEUTRAL | The Stochastics value for MCHI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for MCHI suggests low volalility. |
| Average Directional Index/ADX (14) | 22.56 | NEUTRAL | The ADX value for MCHI suggests a possible start of a new 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)
57.86
+0.39 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.68%
1 Week-1.2%
2 Weeks-1.37%
1 Month4.95%
3 Month8.66%
6 Month16.35%
12 Month39.39%
2 Year28.84%
3 Year16.44%
5 Year-23.52%
10 Year31.2%
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%1.26%
ATR Inc20.95%
Range Today0.31
ADR(20)0.48
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.22
Mansfield0.61
10 Day High59.5
10 Day Low56.23
20 Day High59.5
20 Day Low54.41
52 Week High59.79
52 Week Low40.25
CS1 End55.74
CR1 Start58.18
Volume & EV
DER(3)-0.9%
DER(5)-1.32%
Volume1.34M
Volume Incr12.24%
Vol(5)2.55M
Vol(50)2.14M