L&G BATTERY VALUE-CHAIN (BATT.MI) Stock Technical Analysis
BIT:BATT - Euronext Milan - IE00BF0M2Z96 - ETF - Currency: EUR
Taking everything into account, BATT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BATT was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, BATT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.33, a Stop Loss order could be placed below this zone.
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14.71
2 important support areas can be observed.
- A support zone ranging from 15.13 to 15.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.86 to 14.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.77 to 15.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.75 to 17.10. 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 | NEUTRAL | NEUTRAL | The long term trend for BATT.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BATT.MI is up. |
| ChartMill Relative Strength | 37.21 | NEUTRAL | BATT.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BATT.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BATT.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BATT.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.94 | NEUTRAL | The RSI value for BATT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BATT.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.16 | NEUTRAL | The Stochastics value for BATT.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for BATT.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 10.09 | NEGATIVE | The low ADX value for BATT.MI suggests a weak or negative trend. |
BIT:BATT (6/16/2025, 7:00:00 PM)
15.446
+0.15 (+1.01%)