China ETF has a steep upwardly-sloped trend line and a bullish signal
Since the global selloff ended in late December/early January, China’s market has moved sharply higher. The Shanghai Composite is up just shy of 25% since January 2 while the S&P 500 is up 17.4% during that same time period. One particular ETF that tracks China’s overall market has performed even better. The Deutsche X-Trackers Harvest CSI 300 China A-shares ETF (Amex: ASHR) is up 33.3% from the close on January 2.
At the post selloff high earlier in April, the ASHR was up over 40% from that January low. The ETF has pulled back a little in recent weeks, but that could be providing investors with an opportunity. The pullback brought ASHR down to the 50-day moving average and to a trend line that connects the lows from January and February. The trend line and the moving average are right on top of one another right now.
Another thing that happened with the recent pullback is that the daily stochastic readings moved in to oversold territory for the first time since January and the indicators just made a bullish crossover on April 30.
The Tickeron AI Trend Prediction tool generated a bullish signal on ASHR on April 29 and the prediction showed a confidence level of 86%. The signal calls for a gain of at least 4% over the next month and 69% of previous predictions on the ETF have been successful.
Momentum Indicator for ASHR turns positive, indicating new upward trend
ASHR saw its Momentum Indicator move above the 0 level on June 23, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned positive. In of the 91 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for ASHR just turned positive on June 24, 2025. Looking at past instances where ASHR's MACD turned positive, the stock continued to rise in of 57 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for ASHR moved above the 200-day moving average on June 30, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASHR advanced for three days, in of 256 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 171 cases where ASHR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
ASHR broke above its upper Bollinger Band on June 24, 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.
Industry description
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General Information
Category PacificAsiaexJapanStk
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