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 3 out of 10. 8RMY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, 8RMY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.26, a Stop Loss order could be placed below this zone.
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9.02
When analyzing the support we notice one important area.
- A support zone ranging from 9.11 to 9.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.37 to 9.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for 8RMY.DE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 8RMY.DE is neutral. |
| 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 | NEGATIVE | The current price of 8RMY.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of 8RMY.DE is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.1 | NEUTRAL | The RSI value for 8RMY.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests 8RMY.DE has a negative trend. |
| Stochastics (14,3) | 20.08 | NEUTRAL | The Stochastics value for 8RMY.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for 8RMY.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 8.88 | NEGATIVE | The low ADX value for 8RMY.DE suggests a weak or negative trend. |
FRA:8RMY (7/25/2025, 7:00:00 PM)
9.272
-0.04 (-0.41%)