Economists raise growth forecast on China, following release of better-than-expected economic data
Some investment banks have raised their outlook on China’s economic growth.
Last week, the Chinese government announced that gross domestic product grew by 6.4% year-on-year in the first quarter of 2019. The figure surpassed the 6.3% expected by analysts in a Reuters’ poll. That seems to have led economists at some prominent investment banks to boost their growth expectations for China, as indicated by a CNBC report.
According to the report, economists at Barclays increased their China GDP growth forecast for the full-year to 6.5% from the previous estimate of 6.2 %, citing China’s first-quarter growth beat. The economists indicated better-than-expected effect of China’s government stimulus measures coupled with the apparent firming of the nation’s housing markets and an improving outlook on exports as factors behind their upward revision to growth prediction.
The report also mentions that Citi raised its annual GDP forecast to 6.6% from 6.2% on Wednesday, owing to what they perceived as higher optimism for a U.S.-China trade deal and improving domestic demand in China.
ING upped its estimate to 6.5% from its previous 6.3%, attributing the forecast revision to China’s infrastructure projects helped by stimulus, and 5G telecoms production in the first quarter.
Some other organizations, however, were a bit more cautious in their outlook albeit amidst increased optimism on first quarter growth.
J.P. Morgan economists expect “solid growth momentum” in the second and third quarters, but believe the impact would eventually taper off by the end of the year. They maintained their overall forecast for this year at 6.4%.
Standard Chartered left its full-year prediction unchanged at 6.4%, while maintaining caution against what they think are risks of over-optimism about China’s growth outlook.
MCHI sees MACD Histogram crosses below signal line
MCHI saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 14, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 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 Momentum Indicator moved below the 0 level on November 14, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MCHI as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
MCHI moved below its 50-day moving average on November 14, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MCHI crossed bearishly below the 50-day moving average on November 10, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCHI 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 RSI Indicator entered the oversold zone -- be on the watch for MCHI's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MCHI advanced for three days, in of 262 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.
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