ISHARES MSCI CHINA ETF (MCHI) Stock Technical Analysis
NASDAQ:MCHI - Nasdaq - US46429B6719 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to MCHI. 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.
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 77% 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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MCHI is lagging the market slightly.
In the last month MCHI has a been trading in the 52.53 - 56.18 range, which is quite wide. It is currently trading near the high of this range.
MCHI has an average volume of 2895310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although MCHI has an excellent technical rating, it does not present a decent entry opportunity 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
46.21
60.28
4 important support areas can be observed.
- A support zone ranging from 54.51 to 54.59. 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 52.33 to 53.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.28 from a horizontal line in the weekly time frame.
- A support zone ranging from 46.68 to 46.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 57.00 to 57.38. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 59.67 to 59.68. This zone is formed by a combination of multiple trend lines in the daily 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 | 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 | 77.47 | POSITIVE | MCHI has a high relative strength, it outperformed 77.47% 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) | 62.44 | NEUTRAL | The RSI value for MCHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests MCHI has a positive trend. |
| Stochastics (14,3) | 95.17 | 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) | 14.13 | NEGATIVE | The low ADX value for MCHI 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)
55.86
+0.17 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week1.95%
2 Weeks4.74%
1 Month2.12%
3 Month-2.63%
6 Month15.84%
12 Month29.52%
2 Year24.85%
3 Year0.09%
5 Year-14.65%
10 Year-0.32%
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%1.28%
ATR Inc-33%
Range Today0.37
ADR(20)0.45
ADR(20)%0.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.47
Mansfield0.94
10 Day High56.18
10 Day Low52.53
20 Day High56.18
20 Day Low52.53
52 Week High59.79
52 Week Low39.95
CS1 End54.59
CR1 Start57
Volume & EV
DER(3)3.15%
DER(5)1.41%
Volume1.34M
Volume Incr-32.83%
Vol(5)1.68M
Vol(50)2.90M