ISHARES MSCI CHINA ETF (MCHI) Stock Technical Analysis
NASDAQ:MCHI - US46429B6719 - ETF
61.62 USD
+0.08 (+0.13%)
61.743 USD
+0.12 (+0.2%)
Taking everything into account, MCHI scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MCHI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MCHI is one of the better performing stocks in the market, outperforming 86% 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.
In the last month MCHI has a been trading in the 56.23 - 62.16 range, which is quite wide. It is currently trading near the high of this range.
MCHI has an average volume of 2275070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
47.91
62.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.95 to 59.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.51 to 57.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.81 to 52.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.39 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.63 to 61.63. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for MCHI is up. |
| ChartMill Relative Strength | 86.93 | POSITIVE | MCHI has a high relative strength, it outperformed 86.93% 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) | 69.42 | NEUTRAL | The RSI value for MCHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests MCHI has a positive trend. |
| Stochastics (14,3) | 90.84 | OVERBOUGHT | The high Stochastics value suggests MCHI may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for MCHI suggests low volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for MCHI 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)
61.62
+0.08 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.13%
1 Week3.41%
2 Weeks4.92%
1 Month5.23%
3 Month16.66%
6 Month15.01%
12 Month47.31%
2 Year37.21%
3 Year24.01%
5 Year-18.55%
10 Year39.73%
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%1.28%
ATR Inc-27.25%
Range Today0.49
ADR(20)0.49
ADR(20)%0.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.93
Mansfield0.86
10 Day High62.16
10 Day Low59.15
20 Day High62.16
20 Day Low56.23
52 Week High62.16
52 Week Low40.25
CS1 End59.11
CR1 Start61.63
Volume & EV
DER(3)4.89%
DER(5)4.5%
Volume2.08M
Volume Incr-20.29%
Vol(5)2.26M
Vol(50)2.28M