China festive spending slows in 2019
China’s Lunar New Year registered underwhelming growth in consumer spending. At around 1.01 trillion yuan ($149 billion), consumers spent +8.5% more than they did during the previous year’s holiday season on retail and catering – but the growth rate was the slowest in atleast 8 years (based on Ministry of Commerce data).
China’ slowdown in economic growth, trade tensions with the U.S. and the nation’s plans to reduce debt apparently pulled back momentum of people’s spending appetite.
Auto purchases in the nation declined for the first time in almost three decades. Even tourist venues in the nation experienced a deceleration to +8.2 % growth in consumer spending (according to the state broadcaster CCTV citing data from the Ministry of Commerce), which is slower than the +12.6% rise last year.
MCHI in -0.79% downward trend, falling for three consecutive days on June 30, 2025
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MCHI declined for three days, in of 320 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 30, 2025. You may want to consider a long position or call options on MCHI as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MCHI just turned positive on June 25, 2025. Looking at past instances where MCHI's MACD turned positive, the stock continued to rise in of 48 cases 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 MCHI advanced for three days, in of 260 cases, the price rose further within the following month. The odds of a continued upward trend are .
MCHI 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 172 cases where MCHI 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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