Upping the Trade War Ante
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 sees MACD Histogram just turned negative
CHIQ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 24, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 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 May 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CHIQ as a result. In of 71 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 Aroon Indicator for CHIQ entered a downward trend on May 26, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CHIQ's RSI Oscillator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHIQ advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHIQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
