Chinese Stocks Jump +4% - the Best in More Than Two Years
Chinese stocks had some rebound on Monday, amidst their prolonged slump this year.
The benchmark Shanghai Composite index surged more than 4% - its sharpest one-day climb since since March 2016. That catapulted the index towards 7% gain over the past two days of trading. It seems the latest efforts by Chinese authorities/officials to infuse confidence about the nation’s markets and economy might have started to have some impact on investor sentiment. On Friday, China’s central bank chief Yi Gang indicated that the recent stock market rout didn't reflect macroeconomic conditions, while adding that the Chinese economy is "moving forward". He said that the government would take more measures to boost economic growth. Also President Xi Jinping on Saturday claimed to be ready to extend "unwavering" support for China's private sector amidst concerns about the economy’s decelerating growth rates in recent times.
CHIQ sees MACD Histogram just turned negative
CHIQ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 13, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CHIQ moved out of overbought territory on May 15, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on June 18, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CHIQ as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CHIQ moved below its 50-day moving average on June 18, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHIQ 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.
The 10-day moving average for CHIQ crossed bullishly above the 50-day moving average on May 14, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 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 CHIQ advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHIQ 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 216 cases where CHIQ 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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Category PacificAsiaexJapanStk
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