Technical Analysis for MCHS - Matthews China Discovery Active ETF

Grade Last Price % Change Price Change
A 27.45 0.22% 0.06
MCHS closed up 0.22 percent on Friday, May 3, 2024, on 47 percent of normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New 52 Week Closing High Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%

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Profile

Under normal circumstances, the Matthews China Discovery Active ETF seeks to achieve its investment objective by investing at least 65% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of small companies. In addition, at least 80% of the fund"s net assets, which includes borrowings for investment purposes, will be invested in the common and preferred stocks of companies located in China. The fund is non-diversified.
Classification

Keywords: Exchange Traded Funds Index Fund Advisorshares

Top 10 Components

Symbol Grade Price % Change Allocation
ACMR D 2.89 3.30

Is MCHS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.5833
52 Week Low 22.4977
Average Volume 423
200-Day Moving Average 0.00
50-Day Moving Average 25.85
20-Day Moving Average 25.97
10-Day Moving Average 26.28
Average True Range 0.30
RSI (14) 69.23
ADX 18.99
+DI 66.58
-DI 24.24
Chandelier Exit (Long, 3 ATRs) 26.68
Chandelier Exit (Short, 3 ATRs) 26.07
Upper Bollinger Bands 27.29
Lower Bollinger Band 24.66
Percent B (%b) 1.06
BandWidth 10.13
MACD Line 0.34
MACD Signal Line 0.16
MACD Histogram 0.1852
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.65
Resistance 3 (R3) 27.67 27.63 27.62
Resistance 2 (R2) 27.63 27.58 27.62 27.61
Resistance 1 (R1) 27.54 27.55 27.52 27.52 27.59
Pivot Point 27.49 27.49 27.48 27.48 27.49
Support 1 (S1) 27.41 27.44 27.38 27.38 27.31
Support 2 (S2) 27.36 27.41 27.35 27.29
Support 3 (S3) 27.27 27.36 27.28
Support 4 (S4) 27.25