We assign a technical rating of 6 out of 10 to MCHI. MCHI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MCHI did better than 76% of all other stocks. On top of that, MCHI also shows a nice and consistent pattern of rising prices.
- 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.
- MCHI has an average volume of 2557190 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 59.95 - 64.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MCHI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 62.36, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
58.87
We found 3 important support areas.
- A support zone ranging from 62.05 to 62.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.61 to 60.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.46 to 59.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 65.80 to 66.99. 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 | NEUTRAL | NEUTRAL | The short term trend for MCHI is neutral. |
| ChartMill Relative Strength | 76.58 | POSITIVE | MCHI has a high relative strength, it outperformed 76.58% 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) | DOWN | MIXED | The current price of MCHI is above a declining 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) | 53.51 | NEUTRAL | The RSI value for MCHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MCHI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.57 | 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) | 15.28 | NEGATIVE | The low ADX value for MCHI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.90 | 62.04 | 0.86 (1.36%) | 25.00% |
| An entry @62.90. This is a Buy Stop order right above the 10 day moving average. | An exit @62.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 1.36%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MCHI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
62.78
+0.29 (+0.46%)
ISHARES MSCI CHINA ETF / MCHI FAQ
What is the ChartMill technical rating of ISHARES MSCI CHINA ETF (MCHI) stock?
ChartMill assigns a technical rating of 6 / 10 to MCHI.
What is the trend direction for MCHI stock?
The current trend direction for ISHARES MSCI CHINA ETF (MCHI) is Bullish.
What is the RSI signal for MCHI stock?
ISHARES MSCI CHINA ETF (MCHI) has an RSI value of 53.5091. This indicates that the stock is currently neutral.
What is the short term momentum for ISHARES MSCI CHINA ETF (MCHI) stock?
The short term momentum for ISHARES MSCI CHINA ETF (MCHI) is neutral.
Can you provide the support and resistance levels for ISHARES MSCI CHINA ETF?
ISHARES MSCI CHINA ETF (MCHI) has a support level at 62.36 and a resistance level at 65.8. Check the full technical report for our detailed analysis of MCHI support and resistance levels.