ISHRS IBDS D26 ITALY GB ETF (26TP.MI) Stock Technical Analysis
BIT:26TP - Euronext Milan - IE000LZ7BZW8 - ETF - Currency: EUR
We assign a technical rating of 4 out of 10 to 26TP. 26TP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
26TP has an average technical rating and the quality of the presented setup is also not ideal 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.
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5.02
We found 1 important support area.
- A support zone ranging from 5.07 to 5.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.12 to 5.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 26TP.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 26TP.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 26TP.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 26TP.MI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 65.04 | NEUTRAL | The RSI value for 26TP.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests 26TP.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.59 | OVERBOUGHT | The high Stochastics value suggests 26TP.MI may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for 26TP.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for 26TP.MI suggests a possible start of a new trend. |
BIT:26TP (6/2/2025, 7:00:00 PM)
5.116
+0.01 (+0.24%)