The ongoing trade dispute between the United States and China continues to bubble, with no clear end in sight. To date, even though big numbers have been thrown around, there are only $50 billion of tariffs that have actually been implemented on products, leaving the current impact of the trade war as relatively small. But that could change in the not-too-distant future.
The Wall St. Journal reported this week that some administration advisers are urging President Trump to up the trade war ante by charging more tariffs for more goods. The Trump administration has a proposal on the table for 10% tariffs on $200 billion in Chinese imports, but some advisors are urging President Trump to raise that number to 25%. The hope is that doing so could bring Chinese trade officials to the table, but whether or not that is an effective tactic is a different story. As a communist state, China is in a better position to hold ground without facing opposition from the public or business community.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CHIQ advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on CHIQ as a result. In of 81 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 CHIQ just turned positive on April 24, 2024. Looking at past instances where CHIQ's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
CHIQ moved above its 50-day moving average on April 22, 2024 date and that indicates a change from a downward trend to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 266 cases where CHIQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 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 .
CHIQ broke above its upper Bollinger Band on May 02, 2024. 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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category PacificAsiaexJapanStk