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CHIC
ETF ticker: NYSE ARCA
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Net Assets
5.77M

CHIC Global X MSCI China Comm Services ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for CHIC with price predictions
07:00 PM EST Nov 30, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tencent Music Entertainment Group (NYSE:TME), iQIYI (NASDAQ:IQ), Weibo Corp (NASDAQ:WB), JOJOYY (NASDAQ:YY).

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance of the MSCI China Communication Services 10/50 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index tracks the performance of companies in the MSCI China Index (the "parent index") that are classified in the communication services sector, as defined by the index provider. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X MSCI China Comm Services ETF ETF is 6.94B. The market cap for tickers in the group ranges from 2.44B to 14.36B. TME holds the highest valuation in this group at 14.36B. The lowest valued company is YY at 2.44B.

High and low price notable news

The average weekly price growth across all stocks in the Global X MSCI China Comm Services ETF ETF was -2%. For the same ETF, the average monthly price growth was 1%, and the average quarterly price growth was -9%. TME experienced the highest price growth at -1%, while WB experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Global X MSCI China Comm Services ETF ETF was -38%. For the same stocks of the ETF, the average monthly volume growth was -32% and the average quarterly volume growth was -45%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 59
SMR Rating: 75
Profit Risk Rating: 100
Seasonality Score: 50 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category PacificAsiaexJapanStk

Profile
Fundamentals
Details
Category
China Region
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CHIC
1D Price
Change %
CHIC100%
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%