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.
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.
46.21
4 important support areas can be observed.
We can see 2 important resistance areas.
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. |
55.86
+0.17 (+0.31%)