ISHARES IBONDS D28 T ITALY G (28IY.MI) Stock Technical Analysis
BIT:28IY - Euronext Milan - IE000Q2EQ5K8 - ETF - Currency: EUR
Taking everything into account, 28IY scores 4 out of 10 in our technical rating. 28IY 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.
Although the technical rating is only medium, 28IY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.20, a Stop Loss order could be placed below this zone.
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5.06
When analyzing the support we notice one important area.
- A support zone ranging from 5.11 to 5.20. 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 5.21 to 5.21. 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 28IY.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 28IY.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 28IY.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 28IY.MI is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 64.69 | NEUTRAL | The RSI value for 28IY.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests 28IY.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 92.03 | OVERBOUGHT | The high Stochastics value suggests 28IY.MI may be overbought. |
| Average True Range in percent/ATR (20) | 0.36 | LOW VOLATILITY | The low ATR as a percentage value for 28IY.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 30.17 | POSITIVE | The high ADX value value for 28IY.MI suggests a strong trend. |
BIT:28IY (5/21/2025, 7:00:00 PM)
5.196
0 (-0.04%)