BIT:600X - Euronext Milan - IE00BK5H8015 - ETF - Currency: EUR
Overall 600X gets a technical rating of 8 out of 10. Both in the recent history as in the last year, 600X has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although 600X has an excellent technical rating, the quality of the presented setup is 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.
29.21
2 important support areas can be observed.
When analyzing the resistance we notice one important 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 600X.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 600X.MI is up. |
ChartMill Relative Strength | 71.9 | POSITIVE | 600X.MI has a high relative strength, it outperformed 71.9% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 600X.MI is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 600X.MI is above the rising SMA(50). |
Relative Strength Index/RSI (14) | 64.04 | NEUTRAL | The RSI value for 600X.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests 600X.MI has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 86.86 | OVERBOUGHT | The high Stochastics value suggests 600X.MI may be overbought. |
Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for 600X.MI suggests low volalility. |
Average Directional Index/ADX (14) | 30.71 | POSITIVE | The high ADX value value for 600X.MI suggests a strong trend. |
BIT:600X (5/27/2025, 7:00:00 PM)
33.42
+0.09 (+0.27%)