Bullish Signal for China ETF Shows 90% Confidence Level
Tuesday saw a bullish signal generated on the X-Trackers Harvest CSI 300 China A-Shares ETF (ASHR). The fund will normally invest at least 80% of its total assets in securities of issuers that comprise the underlying index. The underlying index is designed to reflect the price fluctuation and performance of the China A-Share market and is composed of the 300 largest and most liquid stocks in the China A-Share market. The underlying index includes small-cap, mid-cap, and large-cap stocks.
The signal came just after the fund hit a short-term trend line on Friday. It also came as the fund was flirting with oversold territory based on the daily stochastic indicators. The indicators made a bullish crossover on Tuesday.
Since hitting a low of $24.13, the ASHR has gained approximately 60% as China’s economy and market have rebounded. The virus hit China earlier as it originated there and that led to a contraction in the country’s GDP in Q1. That was the first ever contraction in the GDP since the country opened up its economy and tracking of the indicator started in 1992.
China’s GDP dropped 10% in the first quarter and that was a far more modest contraction than what we saw in most countries. The GDP grew by 11.7% in the second quarter and by 2.7% in Q3. By comparison the U.S. saw its GDP contract by 5% in the first quarter and by 31.4% in the second quarter. The U.S. saw a huge comeback in Q3 with growth of 33.1%.
Because China’s economy wasn’t hit as hard, neither was its stock market. The ASHR fell 16.8% from the beginning of the year through its low in March. The S&P dropped 30.8% over the same period. On a year-to-date basis, through December 15, the ASHR is up 30.1% while the S&P 500 is only up 14.4%.
Tickeron’s Scorecard rates ASHR as a “buy” at this time. Part of the reason for the “buy” rating is the positioning of the moving averages. The 10-day Moving Average for the fund crossed bullishly above the 50-day moving average on October 08, 2020. The 50-day is currently above the 200-day and has been since early July.
For the full rundown on the X-Trackers Harvest CSI 300 China A-Shares ETF click on the ticker below.
ASHR in downward trend: price expected to drop as it breaks its higher Bollinger Band on September 11, 2025
ASHR broke above its upper Bollinger Band on September 11, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 32 similar instances where the stock broke above the upper band. In of the 32 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ASHR moved out of overbought territory on September 03, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for ASHR turned negative on September 12, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASHR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 11, 2025. You may want to consider a long position or call options on ASHR as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASHR advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 181 cases where ASHR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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General Information
Category PacificAsiaexJapanStk
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