ISH S&P500 MATERIALS (2B7B.DE) Stock Technical Analysis
FRA:2B7B - Deutsche Boerse Ag - IE00B4MKCJ84 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to 2B7B. 2B7B scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, 2B7B is a bad performer in the overall market: 79% of all stocks are doing better.
Warning: 2B7B has an average volume of 18799 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
2B7B is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
2B7B is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2B7B is lagging the market slightly.
Although the technical rating is bad, 2B7B does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.53
9.71
We found 2 important support areas.
- A support zone ranging from 8.24 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.61 to 7.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.34 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.72 to 8.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.39 to 9.61. 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 | DOWN | NEGATIVE | The long term trend for 2B7B.DE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 2B7B.DE is neutral. |
| ChartMill Relative Strength | 21.59 | NEGATIVE | 2B7B.DE has a low relative strength, it was outperformed by 78.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of 2B7B.DE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of 2B7B.DE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 2B7B.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.03 | NEUTRAL | The RSI value for 2B7B.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests 2B7B.DE has a negative trend. |
| Stochastics (14,3) | 38.44 | NEUTRAL | The Stochastics value for 2B7B.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for 2B7B.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 10.52 | NEGATIVE | The low ADX value for 2B7B.DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FRA:2B7B (6/3/2025, 3:46:22 PM)
8.339
+0.02 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.19%
1 Week-0.04%
2 Weeks-1.6%
1 Month1.23%
3 Month-4.72%
6 Month-12.14%
12 Month-7.34%
2 Year3.25%
3 Year13.13%
5 Year65.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.42%
ATR Inc-46.09%
Range Today0
ADR(20)0.1
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.59
Mansfield-1.04
10 Day High8.51
10 Day Low8.17
20 Day High8.57
20 Day Low8.04
52 Week High9.85
52 Week Low7.22
CS1 End8.32
CR1 Start8.34
Volume & EV
DER(3)0%
DER(5)0%
Volume19
Volume Incr-19.71%
Vol(5)8.78K
Vol(50)18.80K