CHIK Global X MSCI China Information Tech ETF Forecast, Technical & Fundamental Analysis
CHIK's Indicator enters downward trend
The Aroon Indicator for CHIK entered a downward trend on October 02, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 195 similar instances where the Aroon Indicator formed such a pattern. In of the 195 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where CHIK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CHIK as a result. In of 91 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 CHIK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CHIK's RSI Indicator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CHIK just turned positive on September 28, 2023. Looking at past instances where CHIK's MACD turned positive, the stock continued to rise in of 45 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 CHIK advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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
CHIK and
Correlation & Price change
A.I.dvisor tells us that CHIK and ASHR have been poorly correlated (+12% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CHIK and ASHR's prices will move in lockstep.
| Ticker / NAME | Correlation To CHIK | 1D Price Change % | ||
|---|---|---|---|---|
| CHIK | 100% | -0.93% | ||
| ASHR - CHIK | 12% Poorly correlated | -1.08% | ||
| MCHI - CHIK | 11% Poorly correlated | -1.97% | ||
| FXI - CHIK | 10% Poorly correlated | -2.35% | ||
| KWEB - CHIK | 9% Poorly correlated | -2.08% | ||
| EWT - CHIK | -1% Poorly correlated | -1.05% |