
Europe - Euronext Milan - BIT:29GA - IE000SNLFDR7 - ETF
Taking everything into account, 29GA scores 6 out of 10 in our technical rating. Although 29GA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, 29GA 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 5.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
5.05
When analyzing the support we can see 2 important areas.
We found 1 important resistance 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 29GA.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 29GA.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 29GA.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 29GA.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 29GA.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 58.96 | NEUTRAL | The RSI value for 29GA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests 29GA.MI has a positive trend. |
| Stochastics (14,3) | 62.87 | NEUTRAL | The Stochastics value for 29GA.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for 29GA.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 33.09 | POSITIVE | The high ADX value value for 29GA.MI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.32 | 5.24 | 0.08 (1.52%) | 25.00% |
| An entry @5.32. This is a Buy Stop order right above the resistance zone. | An exit @5.24. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 1.52%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
BIT:29GA (1/8/2026, 7:00:00 PM)
5.297
+0.01 (+0.23%)
ChartMill assigns a technical rating of 6 / 10 to 29GA.MI.
The current trend direction for ISR IB DEC 29 TERM AC ETF (29GA.MI) is Bullish.
ISR IB DEC 29 TERM AC ETF (29GA.MI) has an RSI value of 58.9606. This indicates that the stock is currently neutral.
The short term momentum for ISR IB DEC 29 TERM AC ETF (29GA.MI) is positive.
ISR IB DEC 29 TERM AC ETF (29GA.MI) has a support level at 5.28 and a resistance level at 5.31. Check the full technical report for our detailed analysis of 29GA.MI support and resistance levels.