ISHARES MSCI CHINA ETF (MCHI) Technical Analysis
NASDAQ:MCHI • US46429B6719
Current stock price
MCHI Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to MCHI. MCHI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- MCHI has an average volume of 4031560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, MCHI outperforms 42% of them, which is more or less in line with the market.
- MCHI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCHI is lagging the market.
- In the last month MCHI has a been trading in the 54.76 - 59.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
MCHI Weekly and Daily overview Charts
MCHI Setup Rating and Analysis
The technical rating of MCHI is bad and it also does not present a 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
MCHI Support and Resistance Analysis
54.26
We found 1 important support area.
- A support zone ranging from 54.81 to 55.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 57.85 to 61.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @62.75 from a horizontal line in the weekly time frame.
- Resistance @64.27 from a horizontal line in the daily time frame.
MCHI 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 | NEUTRAL | NEUTRAL | The long term trend for MCHI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MCHI is neutral. |
| ChartMill Relative Strength | 42.05 | NEUTRAL | MCHI is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of MCHI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MCHI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.22 | NEUTRAL | The RSI value for MCHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MCHI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.01 | NEUTRAL | The Stochastics value for MCHI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for MCHI suggests low volalility. |
| Average Directional Index/ADX (14) | 15.42 | NEGATIVE | The low ADX value for MCHI suggests a weak or negative trend. |
MCHI Chart- and CandleStick Pattern Analysis
MCHI Technicals: Chart, Performance Metrics, Trend & Indicators
57.81
+0.54 (+0.94%)
ISHARES MSCI CHINA ETF / MCHI TA FAQ
What is the ChartMill technical rating of ISHARES MSCI CHINA ETF (MCHI) stock?
ChartMill assigns a technical rating of 3 / 10 to MCHI.
What is the trend direction for MCHI stock?
The current trend direction for ISHARES MSCI CHINA ETF (MCHI) is Bearish.
What is the RSI signal for ISHARES MSCI CHINA ETF (MCHI) stock?
ISHARES MSCI CHINA ETF (MCHI) has an RSI value of 51.2173. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES MSCI CHINA ETF?
The MACD indicator for ISHARES MSCI CHINA ETF (MCHI) has a value of 0.139497, indicating a bearish trend.
What is the support and resistance level for MCHI stock?
ISHARES MSCI CHINA ETF (MCHI) has a support level at 55.52 and a resistance level at 57.85. Check the full technical report for our detailed analysis of MCHI support and resistance levels.