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.
CHIQ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 12, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on April 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CHIQ as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 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 .
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.
CHIQ moved above its 50-day moving average on April 18, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. 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 Aroon Indicator entered an Uptrend today. In of 249 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Category PacificAsiaexJapanStk