FUT OF EUR DEFENCE UCITS ETF (ARMI.MI) Stock Technical Analysis
BIT:ARMI - Euronext Milan - IE000I7E6HL0 - ETF - Currency: EUR
We assign a technical rating of 3 out of 10 to ARMI. In the last year, ARMI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of ARMI is bad and it also does not present a quality setup 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.
More info and screens
8.97
We found 1 important support area.
- A support zone ranging from 9.06 to 9.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.65 to 9.65. 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 | UP | POSITIVE | The long term trend for ARMI.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARMI.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ARMI.MI 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 ARMI.MI is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 45.49 | NEUTRAL | The RSI value for ARMI.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ARMI.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.64 | NEUTRAL | The Stochastics value for ARMI.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for ARMI.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.09 | NEUTRAL | The ADX value for ARMI.MI suggests a possible start of a new trend. |
BIT:ARMI (8/8/2025, 7:00:00 PM)
9.07
-0.12 (-1.3%)