US Curbs Exports to Chinese Chipmaker Fujian Jinhua
The U.S. is limiting its exports to a Chinese chipmaker as regulators increase scrutiny over potential national security threats.
The US Commerce Department announced Monday that it will not allow U.S. companies to sell parts to Chinese semiconductor firm Fujian Jinhua Integrated Circuit Company, unless the latter is able to get a special license to buy an American product.
The export restriction apparently stems from U.S. official’s concerns about China getting access to critical components of U.S. military systems. Fujian Jinhua potentially "poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States," the Department said regarding its latest curb on exports. This follows December’s federal lawsuit filed by U.S. chipmaker Micron accusing Fujian Jinhua of stealing its trade secrets. Fujian Jinhua retaliated through a countersuit against Micron in Chinese court in January.
Earlier this year, U.S. President Donald Trump’s administration put an export ban on Chinese telecom company ZTE, on allegations that the company presented false information to American officials about punishing employees who violated US sanctions against Iran and North Korea. The ban was lifted in July after ZTE agreed to shell out $1 billion in fines and promised increased oversight. This reflected that ZTE could potentially have been in a serious quandary is it was unable to buy chips/processors from U.S. firms like Qualcomm.
The export bans/restrictions potentially aggravate U.S.-China tensions amidst the tariff-slapping battle that is yet to cool off between the two nations.
MCHI's RSI Oscillator ascending out of oversold territory
The RSI Indicator for MCHI moved out of oversold territory on April 09, 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 32 similar instances when the indicator left oversold territory. In of the 32 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 22, 2025. You may want to consider a long position or call options on MCHI as a result. In of 91 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 MCHI just turned positive on April 22, 2025. Looking at past instances where MCHI's MACD turned positive, the stock continued to rise in of 50 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 MCHI advanced for three days, in of 265 cases, the price rose further within the following month. The odds of a continued upward trend are .
MCHI 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 demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
MCHI moved below its 50-day moving average on May 07, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MCHI 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 15 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 MCHI 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 MCHI entered a downward trend on April 17, 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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