ASHR slides to lowest close since May 7th

Xtrackers Harvest CSI 300 China A-Shares (ASHR) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


ASHR breaks below 200-day moving average
ASHR breaks below previous session low
ASHR falls to lowest close since May 7th


ASHR ended Thursday at 30.32 losing $0.46 (-1.49%). Today's closing price of 30.32 marks the lowest close since May 7th. Closing below Wednesday's low at 30.60, the ETF confirms its breakout through the prior session's low having traded $0.33 below it intraday.

Daily Candlestick Chart (ASHR as at May 17, 2018):

Daily technical analysis candlestick chart for Xtrackers Harvest CSI 300 China A-Shares (ASHR) as at May 17, 2018

Thursday's trading range was $0.16 (0.53%), that's below last trading month's daily average range of $0.21. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Prices are trading close to a key support level at 30.26.

Although the market is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory. ASHR broke below the 200-day moving average at 30.74 today for the first time since May 15th.

Market Conditions for ASHR as at May 17, 2018

Loading Market Conditions for ASHR (Xtrackers Harvest CSI 300 China A-Shares)...
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