FUT OF EUR DEFENCE UCITS ETF (8RMY.DE) Stock Technical Analysis
FRA:8RMY - Deutsche Boerse Ag - IE000I7E6HL0 - ETF - Currency: EUR
Overall 8RMY gets a technical rating of 4 out of 10. In the last year, 8RMY was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, 8RMY does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.41, 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
9.02
When analyzing the support we notice one important area.
- A support zone ranging from 9.11 to 9.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @9.82 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 8RMY.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 8RMY.DE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 8RMY.DE 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 8RMY.DE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 8RMY.DE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.75 | NEUTRAL | The RSI value for 8RMY.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests 8RMY.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.51 | NEUTRAL | The Stochastics value for 8RMY.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for 8RMY.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.49 | NEGATIVE | The low ADX value for 8RMY.DE suggests a weak or negative trend. |
FRA:8RMY (6/27/2025, 7:00:00 PM)
9.418
-0.14 (-1.49%)