WT EURO STOXX50 5X DAILY LEV (5EUL.MI) Stock Technical Analysis
BIT:5EUL - Euronext Milan - XS2771503104 - ETF - Currency: EUR
We assign a technical rating of 3 out of 10 to 5EUL. 5EUL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
5EUL has a poor technical rating and the quality of the setup is also not perfect 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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19.53
When analyzing the support we notice one important area.
- A support zone ranging from 19.73 to 19.80. 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 2 important areas.
- Resistance @21.21 from a horizontal line in the weekly time frame.
- Resistance @22.56 from a horizontal line in the daily time frame.
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 5EUL.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 5EUL.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 5EUL.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of 5EUL.MI is above a declining SMA(20). |
| Relative Strength Index/RSI (14) | 55.11 | NEUTRAL | The RSI value for 5EUL.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests 5EUL.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.45 | OVERBOUGHT | The high Stochastics value suggests 5EUL.MI may be overbought. |
| Average True Range in percent/ATR (20) | 10.91 | HIGH VOLATILITY | The high ATR as a percentage value for 5EUL.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for 5EUL.MI suggests a weak or negative trend. |
BIT:5EUL (5/26/2025, 7:00:00 PM)
21.2
+1.4 (+7.05%)