CHIC Global X MSCI China Comm Services ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for CHIC turns negative, indicating new downward trend
CHIC saw its Momentum Indicator move below the 0 level on November 28, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned negative. In of the 95 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for CHIC turned negative on November 29, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
CHIC moved below its 50-day moving average on November 29, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHIC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CHIC broke above its upper Bollinger Band on November 06, 2023. 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.
Bullish Trend Analysis
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.
The 10-day moving average for CHIC crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 CHIC advanced for three days, in of 283 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 227 cases where CHIC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category PacificAsiaexJapanStk
CHIC and
Correlation & Price change
A.I.dvisor tells us that CHIC and KWEB have been poorly correlated (+5% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CHIC and KWEB's prices will move in lockstep.
| Ticker / NAME | Correlation To CHIC | 1D Price Change % | ||
|---|---|---|---|---|
| CHIC | 100% | N/A | ||
| KWEB - CHIC | 5% Poorly correlated | -2.64% | ||
| EWT - CHIC | 2% Poorly correlated | -1.55% | ||
| MCHI - CHIC | 1% Poorly correlated | -1.65% | ||
| FXI - CHIC | 0% Poorly correlated | -2.25% | ||
| ASHR - CHIC | -2% Poorly correlated | -0.97% |