Technical Analysis for CIHKY - China Merchants Bank

Grade Last Price % Change Price Change
grade A 23.96 -2.60% -0.6400
CIHKY closed down 2.6 percent on Friday, October 18, 2019, on 31 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Down
See historical CIHKY trend table...

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Narrow Range Bar Range Contraction -2.60%
Overbought Stochastic Strength -2.60%
Narrow Range Bar Range Contraction -2.20%
NR7 Range Contraction -2.20%
Upper Bollinger Band Walk Strength -2.20%
Overbought Stochastic Strength -2.20%
Narrow Range Bar Range Contraction -2.59%

Older signals for CIHKY ...

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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 Cash Management Services Wealth Management H Shares Mobile Banking Services Banking In China Financial Management Trade Finance Services Escrow Services Car Loans Gold Trading Services Trade Chain Financing Services Wholesale And Retail Banking Products
Is CIHKY a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 27.49
52 Week Low 17.26
Average Volume 34,364
200-Day Moving Average 23.5198
50-Day Moving Average 23.5698
20-Day Moving Average 23.7539
10-Day Moving Average 24.0989
Average True Range 0.3914
ADX 11.51
+DI 34.2726
-DI 31.2778
Chandelier Exit (Long, 3 ATRs ) 23.4458
Chandelier Exit (Short, 3 ATRs ) 23.6842
Upper Bollinger Band 24.814
Lower Bollinger Band 22.6938
Percent B (%b) 0.6
BandWidth 8.925692
MACD Line 0.198
MACD Signal Line 0.1274
MACD Histogram 0.0706
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.3680
Resistance 3 (R3) 24.4100 24.3160 24.3000
Resistance 2 (R2) 24.3160 24.2121 24.2950 24.2773
Resistance 1 (R1) 24.1380 24.1479 24.0910 24.0960 24.2547
Pivot Point 24.0440 24.0440 24.0205 24.0230 24.0440
Support 1 (S1) 23.8660 23.9401 23.8190 23.8240 23.6653
Support 2 (S2) 23.7720 23.8759 23.7510 23.6427
Support 3 (S3) 23.5940 23.7720 23.6200
Support 4 (S4) 23.5520