MCH Matthews China Active ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for MCH turns negative, indicating new downward trend
MCH saw its Momentum Indicator move below the 0 level on November 29, 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 18 similar instances where the indicator turned negative. In of the 18 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 MCH 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 12 similar instances when the indicator turned negative. In of the 12 cases the stock turned lower in the days that followed. This puts the odds of success at .
MCH 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.
The 10-day moving average for MCH crossed bearishly below the 50-day moving average on December 05, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 2 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 MCH 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 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 MCH advanced for three days, in of 60 cases, the price rose further within the following month. The odds of a continued upward trend are .
MCH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 35 cases where MCH 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
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CCALX | 67.49 | 0.31 | +0.46% |
| Conestoga Small Cap Institutional | |||
| ZIFIX | 9.31 | 0.03 | +0.32% |
| Ninety One International Franchise I | |||
| JFAIX | 29.39 | -0.09 | -0.31% |
| JHancock Fundamental All Cap Core R6 | |||
| AMDWX | 11.85 | -0.05 | -0.42% |
| Amana Developing World Investor | |||
| GLCRX | 24.54 | -0.14 | -0.57% |
| Goldman Sachs Large Cap Gr Insghts R | |||
MCH and
Correlation & Price change
A.I.dvisor tells us that MCH and EWT have been poorly correlated (+9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MCH and EWT's prices will move in lockstep.
| Ticker / NAME | Correlation To MCH | 1D Price Change % | ||
|---|---|---|---|---|
| MCH | 100% | -0.25% | ||
| EWT - MCH | 9% Poorly correlated | -0.19% | ||
| FXI - MCH | 8% Poorly correlated | +0.04% | ||
| MCHI - MCH | 8% Poorly correlated | -0.05% | ||
| ASHR - MCH | 7% Poorly correlated | -0.37% | ||
| KWEB - MCH | 5% Poorly correlated | N/A |