BIT:1MCHP - Euronext Milan - US5950171042 - Common Stock - Currency: EUR
Taking everything into account, 1MCHP scores 3 out of 10 in our technical rating. 1MCHP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of 1MCHP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
57.27
When analyzing the resistance we notice one important area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 1MCHP.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 1MCHP.MI is up. |
ChartMill Relative Strength | 0 | NEGATIVE | 1MCHP.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 1MCHP.MI is below a declining SMA(20). |
Relative Strength Index/RSI (14) | 48.23 | NEUTRAL | The RSI value for 1MCHP.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.53 | NEGATIVE | The MACD value suggests 1MCHP.MI has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 73.43 | NEUTRAL | The Stochastics value for 1MCHP.MI is a neutral value. |
Average True Range in percent/ATR (20) | 12.32 | HIGH VOLATILITY | The high ATR as a percentage value for 1MCHP.MI suggests high volalility. |
Average Directional Index/ADX (14) | 22.81 | NEUTRAL | The ADX value for 1MCHP.MI suggests a possible start of a new trend. |
BIT:1MCHP (6/13/2025, 7:00:00 PM)
57.85
+1.18 (+2.08%)