SPDR MSCI China A Shares IMI Et (XINA) Stock Technical Analysis
NYSEARCA:XINA -
We assign a technical rating of 0 out of 10 to XINA. XINA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, XINA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.43, a Stop Loss order could be placed below this zone.
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19.24
When analyzing the support we notice one important area.
- A support zone ranging from 19.43 to 19.43. 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 20.28 to 20.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.51 from a trend line in the daily time frame.
- A resistance zone ranging from 23.11 to 23.27. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The long term trend for XINA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XINA is down. |
| ChartMill Relative Strength | 34.31 | NEUTRAL | XINA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XINA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XINA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of XINA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.37 | NEUTRAL | The RSI value for XINA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests XINA has a positive trend. |
| Stochastics (14,3) | 30.91 | NEUTRAL | The Stochastics value for XINA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for XINA suggests some volalility. |
SPDR MSCI China A Shares IMI Et
NYSEARCA:XINA (5/29/2019, 8:27:49 PM)
19.9051
+0.06 (+0.28%)