MCH Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Top on November 04, 2024

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MCH - Matthews China Active ETF

Emerged: 11/04/24

Breakout: $23.08

Price: $24.18

Target price: $20.91

MCH in downward trend: price dove below 50-day moving average on November 14, 2024

MCH moved below its 50-day moving average on November 14, 2024 date and that indicates a change from an upward trend to a downward trend. In of 13 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MCH as a result. In of 35 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MCH turned negative on October 14, 2024. 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 22 similar instances when the indicator turned negative. In of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

MCH broke above its upper Bollinger Band on November 07, 2024. 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 shows that the ticker has stayed in the oversold zone for 3 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 118 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 60 cases where MCH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .