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Abhoy Sarkar's Avatar
published in Blogs
Jan 04, 2019

Chile Retail Sales' Unexpected November Decline

Chile experienced an apparently unanticipated decline in retail sales in November. On a year-over-year basis, Chile Retail Sales real index dropped -0.8% - the sharpest decline in four years, according to data from the national statistics agency. A Bloomberg survey’s  median forecast for November sales in Chile was a +1.8% gain.

November’s decline also marks a reversal from October’s +7.5% increase in Chilean retail sales. The nation’s sales of electronics, pharmacy, cosmetics and personal hygiene goods and fuel dropped in November, while automobile sales slowed sharply.

Related Ticker: ECH

ECH's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Oscillator for ECH moved out of overbought territory on May 16, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 instances where the indicator moved out of the overbought zone. In of the 36 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ECH as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ECH turned negative on May 24, 2023. 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 44 similar instances when the indicator turned negative. In of the 44 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 ECH 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

ECH moved above its 50-day moving average on May 04, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ECH crossed bullishly above the 50-day moving average on May 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 ECH advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

ECH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 242 cases where ECH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Industry description

The investment seeks to track the investment results of the MSCI Chile IMI 25/50 Index. The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large-, mid- and small-capitalization segments of the equity market in Chile. The fund is non-diversified.

High and low price notable news

The average weekly price growth across all stocks in the iShares MSCI Chile ETF ETF was -2%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 11%. ECL experienced the highest price growth at -1%, while CCU experienced the biggest fall at -7%.
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Miscellaneous

Profile
Fundamentals
Details
Category
Miscellaneous Region
Address
iShares, Inc.400 Howard StreetSan Francisco
Phone
N/A
Web
www.ishares.com
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ECH and

Correlation & Price change

A.I.dvisor indicates that over the last year, ECH has been loosely correlated with EWC. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if ECH jumps, then EWC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ECH
1D Price
Change %
ECH100%
-0.71%
EWC - ECH
60%
Loosely correlated
-0.77%
BBCA - ECH
60%
Loosely correlated
-0.80%
EWA - ECH
57%
Loosely correlated
-0.76%
EWU - ECH
54%
Loosely correlated
-0.92%
EWY - ECH
51%
Loosely correlated
+0.54%
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