Global X MSCI China Financials ETF (CHIX) Stock Technical Analysis
NYSEARCA:CHIX - NYSE Arca - US37950E6068 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to CHIX. Recently some decent action could be observed, but in the medium term time frame this is still negative. CHIX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CHIX is a bad performer in the overall market: 78% of all stocks are doing better.
CHIX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: CHIX has an average volume of 25198 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month CHIX has a been trading in the 9.74 - 10.66 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CHIX has a bad 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 resistance zone just above the current price starting at 10.57. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
9.92
13.71
We found 1 important support area.
- A support zone ranging from 10.02 to 10.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 10.57 to 10.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.30 from a trend line in the daily time frame.
- A resistance zone ranging from 11.73 to 11.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.66 from a trend line in the weekly time frame.
- Resistance @13.57 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.4
Mansfield-2.08
10 Day High10.64
10 Day Low10.34
20 Day High10.66
20 Day Low9.74
52 Week High13.72
52 Week Low9.74
Performance
1 Week-0.23%
2 Weeks-0.28%
1 Month5.45%
3 Month-7.48%
6 Month-7.29%
12 Month-12.86%
2 Year-26.6%
3 Year-34.63%
5 Year-39.53%
10 Year-10.2%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)52.58
LBB10.53
UBB10.61
Global X MSCI China Financials ETF
NYSEARCA:CHIX (2/16/2024, 8:04:02 PM)
After market: 10.5 -0.07 (-0.66%)10.57
+0.01 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.08%
1 Week-0.23%
2 Weeks-0.28%
1 Month5.45%
3 Month-7.48%
6 Month-7.29%
12 Month-12.86%
2 Year-26.6%
3 Year-34.63%
5 Year-39.53%
10 Year-10.2%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.17%
ATR Inc-37.12%
Range Today0.06
ADR(20)0.08
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.4
Mansfield-2.08
10 Day High10.64
10 Day Low10.34
20 Day High10.66
20 Day Low9.74
52 Week High13.72
52 Week Low9.74
CS1 End10.02
CR1 Start10.57
Volume & EV
DER(3)1.85%
DER(5)1.5%
Volume22.30K
Volume Incr-21.37%
Vol(5)16.10K
Vol(50)25.20K