NY Fed sees costs doubling from 2018 to 2019 due to Chinese tariffs
President Donald Trump’s tariffs on China may cost the average American household hundreds of dollars.
New York Fed economists think the annual cost jumped to $831 this year from $419 from the last round of tariffs last year. They added that “higher tariffs are likely to create large economic distortions and reduce U.S. tariff revenues.”
The tariffs on Chinese goods that went into effect on May 10 — from 10% to 25%. The jump added a tax burden - how much additional money purchases of imports are costing as well as a so-called deadweight loss - meaning companies have to rely on less efficient sources for goods.
CHN's RSI Indicator climbs out of oversold territory
The RSI Oscillator for CHN moved out of oversold territory on April 10, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 36 similar instances when the indicator left oversold territory. In of the 36 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CHN just turned positive on April 22, 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 289 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 53 cases where CHN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CHN as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CHN moved below its 50-day moving average on April 02, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CHN crossed bearishly below the 50-day moving average on April 07, 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 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 .
The Aroon Indicator for CHN entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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