MCHI Stock Tickeron detected bullish ETF Pattern: Broadening Wedge Descending MCHI on February 11, 2025, netting in a 15.40% gain over 1 month

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MCHI - iShares MSCI China ETF

Ticker: MCHI

Company: iShares MSCI China ETF

Gain: +15.4%

Confirmed: 02/11/25

Succeeded: 02/13/25

Total length: 36 days

Momentum Indicator for MCHI turns positive, indicating new upward trend

MCHI saw its Momentum Indicator move above the 0 level on January 17, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for MCHI just turned positive on January 21, 2025. Looking at past instances where MCHI's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

MCHI moved above its 50-day moving average on January 24, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MCHI crossed bullishly above the 50-day moving average on January 29, 2025. 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 MCHI advanced for three days, in of 264 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 172 cases where MCHI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCHI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MCHI broke above its upper Bollinger Band on February 14, 2025. 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.