Technical Analysis for CIHHF - China Merchants Bank Co. Ltd

Grade Last Price % Change Price Change
grade A 4.96 5.98% 0.2800
CIHHF closed up 5.98 percent on Tuesday, August 11, 2020, on 44 percent of normal volume. 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 oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical CIHHF trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Doji - Bearish? Reversal 0.00%
Strong but Oversold Other 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction 5.98%
Strong but Oversold Other 5.98%
Gapped Down Weakness 5.98%
Oversold Stochastic Weakness 5.98%
Older signals for CIHHF ...

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Profile

China Merchants Bank Co., Ltd. provides various wholesale and retail banking products and services in the People's Republic of China and internationally. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers time, demand, call, notice, and RMB deposits; and deposit, current, and capital accounts. It also provides personal commercial real estate, consumption, housing, and car loans, as well as loans to finance for studying abroad; micro-business, combo, guarantee, and housing mortgage loans; mortgage loans for equipment; bank acceptance, discount, liquid capital, and fixed asset loans; and financial leasing, third-party payment, and guarantee services, as well as loans for vessels. In addition, the company offers investment and wealth management, and insurance products; individual forex option and express, and gold trading services; open ended funds; private banking and cash management services; and financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing and enterprise listing services. Further, it provides settlement and trade chain financing services; international business, wealth investment, risk and financial management, cross border RMB financing, international factoring and settlement, oversea financing, and trade finance services; and forfeiting and risk participation, cross border RMB clearing, interbank business, and escrow services. Additionally, the company offers instruments; custody and pension services; credit cards; and Internet and mobile banking services. As of December 31, 2017, it had 137 branches; 1,681 sub-branches; 1 branch-level operation center; 1 representative office; 3,340 self-service centers; 11,382 self-service machines, including 1,610 automatic teller machines, and 9,772 deposit-taking and cash withdrawal machines; and 12,936 visual counters. The company was founded in 1987 and is headquartered in Shenzhen, China.
Financial Services Bank Banking Texas Capital Bank Mobile Banking Insurance Products Wealth Management Cash Management Services H Shares Mobile Banking Services Financial Management Banking In China Trade Finance Services Car Loans Escrow Services Gold Trading Services Guarantee Services Pension Services Trade Chain Financing Services Wholesale And Retail Banking Products

Is CIHHF 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 5.64
52 Week Low 3.39
Average Volume 4,534
200-Day Moving Average 4.4192
50-Day Moving Average 4.6457
20-Day Moving Average 4.8957
10-Day Moving Average 4.8605
Average True Range 0.1916
ADX 12.56
+DI 51.4916
-DI 39.2713
Chandelier Exit (Long, 3 ATRs ) 5.0652
Chandelier Exit (Short, 3 ATRs ) 5.0548
Upper Bollinger Band 5.4778
Lower Bollinger Band 4.3136
Percent B (%b) 0.56
BandWidth 23.7801
MACD Line 0.0371
MACD Signal Line 0.0671
MACD Histogram -0.03
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.1850
Resistance 3 (R3) 5.2067 5.1533 5.1475
Resistance 2 (R2) 5.1533 5.0960 5.1425 5.1350
Resistance 1 (R1) 5.0567 5.0606 5.1050 5.0350 5.1225
Pivot Point 5.0033 5.0033 5.0275 4.9925 5.0033
Support 1 (S1) 4.9067 4.9460 4.9550 4.8850 4.7975
Support 2 (S2) 4.8533 4.9106 4.8425 4.7850
Support 3 (S3) 4.7567 4.8533 4.7725
Support 4 (S4) 4.7350