Mnuchin optimistic about latest trade talks with China
U.S. Treasury Secretary, Steven Mnuchin, told Fox News he thinks the United States and China can finalize a trade deal with two more rounds of talks. Mnuchin also said the part of the negotiations aimed at enforcement is close to finished. Another round of talks is planned for next month in Washington.
“We still have more work to do,” Mnuchin said. “I think there is a strong desire from both sides to see if we can wrap this up or move on.” We hope within the next two rounds, in China and in DC, to get to the point where we can either recommend to the president that we have a deal or recommend that we don’t,” he added
CHN in upward trend: price rose above 50-day moving average on June 02, 2025
CHN moved above its 50-day moving average on June 02, 2025 date and that indicates a change from a downward trend to an upward trend. In of 30 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 03, 2025. You may want to consider a long position or call options on CHN as a result. In of 76 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 CHN just turned positive on June 04, 2025. Looking at past instances where CHN's MACD turned positive, the stock continued to rise in of 42 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 CHN advanced for three days, in of 281 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 162 cases where CHN 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 demonstrates that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 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 CHN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CHN broke above its upper Bollinger Band on June 23, 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.
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